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Innovation paradox: Difference between revisions
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Yet, yet yet: many painful artefacts of the analogue era — the gremlins and hair-balls you would expect technology to remove — persist to this day. We still have [[side letter]]s. We still have separate [[amendment agreement]]s. We still, solemnly, write: “[[this page is intentionally left blank]]”. We still say “[[this clause is reserved]]”, as if we haven’t noticed [[Microsoft Word]] has an automatic numbering system. Not only has [[reg tech|regtech]] failed to remove expected complexities, ''it has created entirely new ones.'' | Yet, yet yet: many painful artefacts of the analogue era — the gremlins and hair-balls you would expect technology to remove — persist to this day. We still have [[side letter]]s. We still have separate [[amendment agreement]]s. We still, solemnly, write: “[[this page is intentionally left blank]]”. We still say “[[this clause is reserved]]”, as if we haven’t noticed [[Microsoft Word]] has an automatic numbering system. Not only has [[reg tech|regtech]] failed to remove expected complexities, ''it has created entirely new ones.'' | ||
[[File:Fractal.jpg|300px|thumb|right|A [[fractal]] yesterday. Can you see the lawyer descending towards it in his extra-vehicular lander?]] | [[File:Fractal.jpg|300px|thumb|right|A [[fractal]] yesterday. Can you see the [[lawyer]] descending towards it in his extra-vehicular lander?]] | ||
Why is this? It is a function of the [[incentive|incentives]] at play. [[Lawyer]]s and [[negotiator]]s are remunerated by time taken. They are rewarded for the complexity and sophistication of their analysis. ''Lawyers don’t want to simplify.'' Lawyers don’t ''want'' to truncate. That isn’t in their nature. It is contrary to their nature. ''This is not what lawyers will use technology for.'' Lawyers will use technology to find new complexities. To eliminate further risks. To descend closer to the [[fractal]] shore of [[risk]] that it is their sacred quest to police. But that shore ''is'' [[fractal]]. However close you get, the risks remain. | Why is this? It is a function of the [[incentive|incentives]] at play. [[Lawyer]]s and [[negotiator]]s are remunerated by time taken. They are rewarded for the complexity and sophistication of their analysis. ''Lawyers don’t want to simplify.'' Lawyers don’t ''want'' to truncate. That isn’t in their nature. It is contrary to their nature. ''This is not what lawyers will use technology for.'' Lawyers will use technology to find new complexities. To eliminate further risks. To descend closer to the [[fractal]] shore of [[risk]] that it is their sacred quest to police. But that shore ''is'' [[fractal]]. However close you get, the risks remain. | ||