Wreckonomics

“Wreckonomics” is a perverse process by which a misguided policy targets an intractable problem.

In recent decades, Western governments have embarked on a variety of well-funded fights against various scourges. There was a War on Drugs and a War on Terror, along with fights against illegal immigration. But the cures proved worse than the diseases. These wars created unintended consequences without fixing the underlying problems. Despite the obvious failures of these wars, politicians keep fighting them and finding new enemies. Indeed, politics in the United States seem to be dominated by a never-ending search for new foes and a demand from the warriors that everyone become more indignant.

One theme in these wars is that they underestimate the complexity of the challenge at hand. Politicians view themselves as crime scene investigators – they’re looking for the single culprit responsible for the problem. That mindset led to the manhunts for Osama bin Laden and Saddam Hussein. In wreckonomics, the good guys need one evil actor to blame, even if the underlying issue has many protagonists. In truth, any social issue is multifaceted and difficult to fix.