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One is reminded of Nassim Taleb's writing on efficiency and fragility. Long-lived systems (e.g. in biology) have a built in surplus, rather than operating ever
by rossdavidh 5y ago
One is reminded of Nassim Taleb's writing on efficiency and fragility. Long-lived systems (e.g. in biology) have a built in surplus, rather than operating everything at peak efficiency, because longevity is often determined not by how well you perform normally, but how well you perform during your worst crisis moments.
- SAI_Peregrinus 5y agoI'm certainly reminded of the current semiconductor shortages, not to mention early-2020 toilit paper shortages. People see low stock of an essential product, buy up what they need and some spare to cover an anticipated shortage, and the stock runs out, causing a shortage. Other people then try to buy whaxever they can to build their own buffers, extending the shortages.