Charles Hugh Smith's Substack

Charles Hugh Smith's Substack

The Perverse Incentives Dominating Our Lives

The net result of these perverse incentives is an Internet that is increasingly toxic and untrustworthy.

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Charles Hugh Smith
Jan 08, 2026
∙ Paid

Perverse incentives are funny things. Even though we know they’re harming us, we can’t stop pursuing them because the refusal harms us, too, as we’re excluded from the system.

Perverse incentives have come to dominate our lives, but slowly enough that we now accept this immiseration as “the way it is” / normal / inescapable. Let’s start with the Internet…

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