23 ms·
> too big to fail suddenly Also known as "a systemic risk". This is the downside of allowing the concentration of economic power in too few hands. It's like o
by olefoo 7y ago
> too big to fail suddenly
Also known as "a systemic risk".
This is the downside of allowing the concentration of economic power in too few hands. It's like other large scale systems. Yes there's a lot of redundancy; but that redundancy serves a purpose.
- rodgerd 7y agoAll the central planning of the old Soviet Union, with none of the pretense to public good.