4 ms·
I can't see any other reference to this but there is a whole field of study on this. See e.g. https://www.amazon.com.au/Cost-Disease-Computers-Cheaper-Health/dp
by wavegeek 6y ago
I can't see any other reference to this but there is a whole field of study on this. See e.g. https://www.amazon.com.au/Cost-Disease-Computers-Cheaper-Health/dp/0300198159 https://www.amazon.com.au/Cost-Disease-Computers-Cheaper-Hea... or google "cost disease".
One thing I have noticed is the incredible increase in the cost of regulatory compliance over the years.
It can take years to get the dozens to hundreds of approvals needed. Vast armies of people are needed to document and monitor compliance.
At a large bank where I worked, I analyzed the previous $600 million in IT projects. $350 million of that $600m was on compliance projects.
- dctoedt 6y ago> At a large bank where I worked, I analyzed the previous $600 million in IT projects. $350 million of that $600m was on compliance projects. We live in a complex world. "Traffic laws," to keep people from inadvertently interfering with — or harming — each other, are necessarily more complex than they were, say, 200 years ago.
- pas 6y agohttp://rationallyspeakingpodcast.org/show/rs-236-alex-tabarrok-on-why-are-the-prices-so-dmn-high.html http://rationallyspeakingpodcast.org/show/rs-236-alex-tabarr... the current state of the argument, pretty interesting.