Universal Institutional Betrayal: Difference between revisions

''Jennifer Freyd, a psychologist at the University of Oregon has an amazing theory called Institutional Betrayal. The idea being that when an institution is charged with caring for us, and it betrays us, we experienced a type of trauma that we do not see elsewhere. Betrayal by those charged with caring for those who cannot care for themselves directly, like a surgeon in an operating room, causes something terrible to happen. And I've only slightly improved it, which is the concept of '''Universal Institutional Betrayal'''. No one has a concept of that. And that's the whole idea behind the [[Embedded Growth Obligation|Embedded Growth Obligations]]. I don't want to have to explain why T.J.Maxx and Yale are having the same problems. In general, what's going on is that we have this concept of an Embedded Growth Obligation, everything has to grow, or it goes crazy because it becomes a Ponzi scheme. And so we were used to this, we didn't have a Plan B. And now we've got Universal Institutional Betrayal, because every institution has to be headed by somebody who's comfortable with the idea that they're going to be running a Ponzi scheme, if they can't make growth happen. There very few institutions that are continuing to grow endogenously and organically at a real at a real level.''