The Chump Effect is Meigs’s clever term for the bipartisan, broadly shared feeling that various systems are rigged in favor of elites, insiders, and favored groups, which leads to a breakdown in societal trust and trust in institutions. If those guys don’t have to play by the rules, we think, why should I? Meigs delves into social-science experiments that show people motivated by the Chump Effect can act irrationally by effectively volunteering to pay a cost in order that others be punished for ignoring norms.
The political implications of the Chump Effect are obvious: Meigs begins with the story of a man who asked Elizabeth Warren if he, who scrimped to put his child through college, would be entitled to a refund under her proposed new system to forgive student loans. “Of course not,” was Warren’s response. The man was furious: He was being made a chump.
November 12, 2020
The Chump Effect
The Chump Effect is a significant component of why socialism and communism always fail.
The politicians don’t abide by state or U.S. Constitutions let alone the laws they pass. Why should they expect others to abide by their laws and regulations?–Joe]