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The best pointer to collapse, in my opinion, is the state of the infrastructure. Infrastructure decays slowly, but costs a lot to fix. It's generally the first
by simonblack 7y ago
The best pointer to collapse, in my opinion, is the state of the infrastructure.
Infrastructure decays slowly, but costs a lot to fix. It's generally the first thing that gets sacrificed when things get tough.
"Surely that bridge will last another ten years, so let's put off renovating it it till we have to."
"We don't have the money now to fix that bridge with the weak beams. We'll wait till we get some extra cash and then fix it properly."
"Never mind, we can work around that bridge that's collapsed. We'll just use that smaller bridge over there."
- rumanator 7y agoThat's a great point. Creating infrastructure is relatively easy when times are good, but it creates an expense. As the collapse progresses, those costs tend to grow with regards to the available resources, thus start to become unbearable.
- sebazzz 7y agoYou might call it technical debt.