DWQA Questions › Tag: The Cobra Effect
Filter:AllOpenResolvedClosedUnanswered
Most people have never heard of “The Cobra Effect.” The story goes that during the British Colonial Era in India, there were excessive cobras infesting one of India’s largest cities. In an attempt to deal with the problem, the British authorities decided to pay a bounty for every cobra killed and turned in to authorities. But ironically, the problem didn’t get “better,” it actually got worse. Why? Because some people started taking advantage of this bounty by actually breeding cobras. When the authorities found out about this, they abruptly ended the program. The result of which was that all these breeders released all their cobras, and the problem, in the end, was worse than ever. So The Cobra Effect is a kind of human folly with serious consequences. What is Creator’s perspective?
ClosedNicola asked 1 month ago • 
81 views0 answers0 votes
The Cobra Effect teaches us that good intentions can create perverse incentives. And then these incentives can undermine the good intentions that got the ball rolling, so to speak. We see the effects of this today with government farm subsidies. These came about during The Great Depression in the 1930s. Farmers were plagued with damaging surpluses because no one had money to buy the crops. This caused agricultural prices to crash to the extent that it could have endangered the nation’s food supply if it bankrupted every farmer. So as an interim solution, the government created a program to pay farmers NOT to grow crops. The only problem is, what was meant to be a temporary stopgap turned into a chronic entitlement, with no end in sight, even though it’s been nearly a century since they started. What is Creator’s perspective?
ClosedNicola asked 1 month ago • 
73 views0 answers0 votes