4 ms·
In our society many domains (finance being one) are now too massive, complex and quickly 'working' and evolving for anybody (even a group) to understand enough
by natmaka 6y ago
In our society many domains (finance being one) are now too massive, complex and quickly 'working' and evolving for anybody (even a group) to understand enough to predict more-or-less accurately, let's say to do better than random picks in a set of possible outcomes descriptions for the next 5 years.
One of the effects is that there is no real pilot onboard anymore. Some people are dressed and talking as pilots and some of them may believe they (and their teams) understand and control, but I think most feign.
The huge 'kinetic energy' of all those systems let them roll forward more and more out-of-control, until some mishap reveals our lack of knowledge.