The same approach can be applied to any service that requires regular intervention to avoid service interruption. If you pay someone every time the service is interrupted, then they’ll be incentivized to do a bad job so it gets interrupted more frequently (e.g. contractors tasked with ensuring traffic lights or electricity supply works all year round in all weather conditions).
Pay a flat rate for continual service. Beyond a certain reasonable/acceptable level of interruption, reduce what you pay them. Eventually if they do enough poor quality work they’ll go out of business - as opposed to the current conventional approach that incentivizes them to do poor quality work.
If this applied to certain goods as well (like electronics) we’d probably be able to get rid of planned obsolescence.
The same approach can be applied to any service that requires regular intervention to avoid service interruption. If you pay someone every time the service is interrupted, then they’ll be incentivized to do a bad job so it gets interrupted more frequently (e.g. contractors tasked with ensuring traffic lights or electricity supply works all year round in all weather conditions).
Pay a flat rate for continual service. Beyond a certain reasonable/acceptable level of interruption, reduce what you pay them. Eventually if they do enough poor quality work they’ll go out of business - as opposed to the current conventional approach that incentivizes them to do poor quality work.
If this applied to certain goods as well (like electronics) we’d probably be able to get rid of planned obsolescence.