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I think there's "trust in global stability" and then there's "trust that none of this will matter anyways if the global economy destabilizes". It's too big to f

I think there's "trust in global stability" and then there's "trust that none of this will matter anyways if the global economy destabilizes". It's too big to fail. I worry that people's trust in the system also creates apathy about the things that can break it. The tragedy of the commons is alive and, well... tragic.

TimTheTinker 6y ago
> none of this will matter anyway That's a bit of a self-fulfilling prophecy. What I mean is that the mindset that "none of this will matter anyway if <foo>" injects some measure of irrational optimism into the economy, causing the relative economic severity of the occasional inevitable blip to increase somewhat. We'd all do well to rationally consider the (small) risk of widespread destabilization. Doing so may keep bubbles smaller, but that's a good thing insofar as they are bubbles relative to value.
- deleted 6y ago
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scsilver 6y ago
Being too big to fail is a testament to a working beautocracy. Before, things would just fail no matter how precious.