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#25: Our capabilities are limited to the incentive systems built around us
Hello everyone, and welcome to today's podcast episode
In this episode, we discuss a piece written by the Wall Street Journal called PG&E Blacks Out Some Customers to Reduce California Risks. The insight of the piece is that our capabilities are only as good as the incentive systems built in the environment we are working in.
For a long time, the world used to fight wildfires and natural catastrophes the moment they appear. Obviously, we have taken some measures to secure our buildings from earthquakes and the like, but now, PG&E has taken these measurements a level or two up.
They have decided to shut down electricity for 0.003% of their customers to prevent the fire from destroying their equipment. Think about it; 0.003% is now enough to balance the loss out. That's not a lot, but the good thing is, we are starting to think about problem prevention rather than just problem-solving.
Enjoy the episode
View all episodes
Hello everyone, and welcome to today's podcast episode
In this episode, we discuss a piece written by the Wall Street Journal called PG&E Blacks Out Some Customers to Reduce California Risks. The insight of the piece is that our capabilities are only as good as the incentive systems built in the environment we are working in.
For a long time, the world used to fight wildfires and natural catastrophes the moment they appear. Obviously, we have taken some measures to secure our buildings from earthquakes and the like, but now, PG&E has taken these measurements a level or two up.
They have decided to shut down electricity for 0.003% of their customers to prevent the fire from destroying their equipment. Think about it; 0.003% is now enough to balance the loss out. That's not a lot, but the good thing is, we are starting to think about problem prevention rather than just problem-solving.
Enjoy the episode