I’m currently in the midst of throwing money at a problem - car’s brakes corroded after I didn’t drive for three months due to Reasons. I’m desperate to get back behind the wheel - a backlog of car-centric jobs has piled up.
Im surprised nobody here mentions time. I can do alot of things myself. Like all the things that you can imagine. But my time is limited and I’d rather spend it with my family. So solving something by just spending some money saves me time and several headaches.
My renter complained that her dishwasher was broken. Bought her a new dishwasher. Complaints stopped because dishwasher works.
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fixing (thing) that you’ve been half assed fixing for ages
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having the right tools for the job
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Finding employees.
Sewer line always needed to be cleaned out, just replaced the whole line with a new pitch. Been great since then.
Throwing money at a problem works, when you are actually throwing money at the problem and not at a symptom.
For me currently, my car is a good example.
Problem: I need reliable transportation.
My car is almost old enough to vote here in the US and while it has been a reliable ride now things are starting to fail left and right. I could spend money replacing the parts that break as they break. Or I could simply replace the car.
My solution: Just replace the car. More expensive short term, but it’ll be cheaper and far less headache long term.
IMO that’s what the “throwing at” is meant to convey. The person doing the throwing is doing it at a distance and with low accuracy.
On a large scale, when has it not worked? All examples I can think of it not working tend to be things like a guy trying to fix a problem in his home, by himself, but has no idea how to do things and keeps spending money on better equipment and parts, but still has a problem because he has no ability to use any of them properly.
You put more money into roads, the roads get better.
You put more money into education, children get taught better.
You put more money into war machines, you get shit that can obliterate all the people in a city without destroying the infrastructure.
Corruption is probably the biggest thing that keeps it from working. Developed countries don’t have the slightest idea what corruption even is. We hear that word in the US and we think “oh dear, bribes!” But in many parts of the world the entire economy is basically spent on greasing every palm, high and low, to keep some regime in power. Whole generations of entire countries have basically gone up in smoke this way. It makes the army’s $400 hammer sound like an absolute bargain.
I’m of the mind that if corrupt people are misappropriating funds, then the money isn’t even reaching the problem it is being thrown at. Money could resolve the original problem, but money likely won’t resolve the new problem of corrupt people stealing the money.
You can impose that technicality if you want, but when corruption is perhaps the world’s top obstacle to funding solutions for things, I see little point except the joy of splitting hairs.
Education is a issue on which if fails repeatedly.
Flooding a school system with money does jack shit if that school is in a poor community where the students and parents don’t value education. There are tons of examples of districts with massive per pupil spending that get horrible result compared to schools with less spending per pupil. Or if the district is full of corruption.
poor community
So the problem is still poverty.
you don’t fix poverty by giving poor people money.
you fix it by providing them upward mobility.
UBI pilot programs give a lot of evidence to the contrary
No, they don’t.
Ok great. So give them upward mobility. That’s going to cost money.
No it doesn’t. It requires work ethic and community that rewards it. Those things can’t be built with money.
One reason these polices fail is because clueless white rich people think you can just give people money and boom problem over. Poverty is a inter-generational series of behaviors, it takes generations to get out of. The biggest factor is not money, it’s behaviour.
I grew up in a community with poverty. Some people made it out, most didn’t. Money had nothing to do with it. I had friends who had more money than me who ended up in prison, and friends with less than me who also got out. And many who got out and came back and ended up back where they were. The difference was their attitude towards life, if they were living for the moment, or living for tomorrow.
And frankly as someone how go it out, the people who got left behind are intense bitter, nasty, and greedy towards you when you do. And they start yelling at you how ‘if only they had what you had’… because they just refuse to take responsibility for themselves. The entire culture is a lot of bitterness, resentment, and trying to get rich quick and/or blowing money you do have on pointless luxuries. It is not a healthy culture that values education and financial responsibility, and often if you do take that path, as I did, your friends/family just HATE you for not being like them, for not wanting to blow your paycheck on booze and drugs every weekend like they do.
NASA
It works when money can purchase what is actually needed in detail, and the people on the receiving end are competent.
Works at my work. Something broken? Throw money at someone and it’s either fixed or replaced.
They stopped throwing money so now when a fridge dies it’s just no fridge for a week.
Social services. The programs that show that they save money - like rehabilitation instead of prison, that saves 4 dollars for every dollar spent. We should be funding those, but they’re not run by private prison companies, so there’s no political will to spend the money.
Throw enough money and THE expert comes to fix the problem.
Like, my fridge is broken – so I hired the entire engineering research and development department at [company] to solve the issue.
Every moment of every day, money solves peoples problems.
It’s kind of amazing how money realy is a problem solving superpower.Money is like batteries of performed labour.
Money is spent to leverage people’s labour.
Even heads of state - kings, presidents, dictators - need money as the lever to get people to do the work that HoS is directing them towards. Or thugs with guns, but they’re in-turn leveraged via having money.
It’s kind of important to me that people realise money isn’t “fake”, even when it becomes an abused and broken system. A currency can become worthless but money as a system will always be real.
Then why do so many rich people I meet tell me all their problems are much bigger and worse than mine?
Rich people problems are stuff that can’t be solved with money
- how do I fix my inter personal relationships? (Treating others more nicely and talking to others as equals, usually)
- how do I become more interesting? (Don’t talk about money or fame so much)
- how do I get my subjects to forget my heinous crimes (sorry Mr President, no dice on that one)
Or problems we can have too, but they need some thought to solve. When you’re used to throwing money at problems you make others solve your problems for you and stop thinking about them beyond surface level.
E.g recurring plumbing problems or vehicle problems. Problems we cause for ourselves.
Because their money already fixed all the kinds of problems you have. They have new problems now. They’re also exaggerating those problems.
Weird, they tell me their biggest problem is they don’t have enough money.
I don’t have that problem!
Exactly. You need more money to have that problem.
And like I said, they’re also exaggerating how much more money they need.
That must be why they need so much more money than the rest of us.
A few months ago I met someone who told me their returns on their portfolio only being 6% last year was a far tragedy than my mother’s prolonged death due to illness. It was glorious.
I feel like Tesla and SpaceX are examples. An idiot with a lot of money at the helm that buys top talent and can afford constant failures until success comes through. Tesla is back on the way down now but was a success story for this for a while.
