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> That doesn't work, because the world is a complex system. You've buried an awful lot in that sentence without justifying any of it. I could just as easily sa
by Analemma_ 10y ago
> That doesn't work, because the world is a complex system.
You've buried an awful lot in that sentence without justifying any of it. I could just as easily say "decentralization and local governance don't work because the world is a complex system" and sound just as correct.
- concinds 10y agoOk, analogy time. The bigger the banks, the more centralized the banks, the more fragile the banking system. Same for governments. Systemic risk increases as you increase the system's complexity, and you increase its complexity when you centralize it.