|
I suppose it's a worthwhile concept. You can certainly look at professional politics, corporate messaging and the financial crises, basically all elite-preservation systems, through a kayfabe lens. On the other hand, I think everyone would be better off reading Propaganda, by Bernays. https://en.wikipedia.org/wiki/Propaganda_(book) It's short. |
Unlike in professional wrestling politicians, corporations, etc have real conflicts over zero sum games. Of course, there are situations where there's are incentives to cooperate.
As for his critique of neoclassical economics' reliance on perfect information - that's already been addressed by many economists, Stiglitz, etc. It's frankly banal to even bring it up any longer.
I just don't see this concept adding much value to a conceptual toolkit. Whenever I try to apply it, it feels forced and it seems simpler concepts do the job just fine.
For example, it's easier to just assume that sometimes competitors finds situations where it makes sense to cooperate.
And it's simpler to assume that even staunch enemies want to appear "gentlemanly" at times, either in public or behind the scenes.
Kayfabe seems worst that useless to me. It seems to violate Occam's razor. It offers an elaborate explanation where a simply explanation would be just as good.