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As Taleb likes to say, an efficient system is the opposite of a robust system, kind of by definition. We are now witnessing the effects of our modern hyper-eff
by imaginariet 5y ago
As Taleb likes to say, an efficient system is the opposite of a robust system, kind of by definition.
We are now witnessing the effects of our modern hyper-efficient just-in-time global manufacturing system.
- akg_67 5y agoActually, Toyota moved away from JIT after 2011 earthquake when several of it’s factories had to stop production due to lack of parts from other factories impacted by earthquake. One of the change was increased inventory levels of components. Toyota is one of the last automaker to reduce production due to the current chip shortage, because they had enough chips for 18-24 months of production. Edit: It seems some of Toyota factories in Southeast Asia have shutdown due to Covid spread in those countries resulting in shortage of parts supplied to factories in Japan. Reported to be 40% reduction in production.
- monkeynotes 5y agoActually Toyota's manufacturing process was changed after Fukushima and was one of the only companies that plans for situations like this: https://www.autoblog.com/2021/03/09/toyota-how-it-avoided-semiconductor-shortage/ https://www.autoblog.com/2021/03/09/toyota-how-it-avoided-se... Edit, what the other poster said.
- AzzieElbab 5y agoyeah, but about everyone else?
- sumtechguy 5y agoThey now learn the lesson Toyota learned in 2011.
- patentatt 5y agoAnd it’s the same with our healthcare system and hospitals. Because they are run as businesses, hospitals are finely tuned to be mostly full most of the time. When COVID fills up 30% of your beds, it quickly overwhelms the system and it crumbles. This is why healthcare needs to be publicly owned, because robustness is necessarily inefficient, and inefficient is incompatible with capitalism.
- HideousKojima 5y agoRobustness isn't incompatible with capitalism, it's incompatible with any system where the government is willing to swoop in and bail out companies that fail. Companies that plan around failures/shortages/disruptions lose the ability to profit from their planning, while those that didn't plan ahead get showered with free money or cheap loans.
- whall6 5y agoI don’t understand why this is getting downvoted considering this is almost verbatim what Taleb preaches.
- WillPostForFood 5y agohe forgot the trigger warning: this post does not blame capitalism for all modern ills.
- imaginariet 5y agoIn UK, where NHS is publicly owned, it was actually policy to have 90% occupancy of ICU beds. If it was less than that, the "extra" beds would be removed.
- iamgopal 5y agoWhy ? What’s the rationale ? How they arrived at 90 percent figure ?
- KuiN 5y agoDo you have a source for that quite extraordinary claim?
- monocasa 5y agoNot the parent, and not a backup for the specific claim, but I know that Tory governments since Thatcher have been taking the strategy of misapplying business efficiency tactics to NHS, then when they don't make sense and cause worse outcomes claim that it's because government was involved at all and call for privatization.
- deleted 5y ago[deleted]
- wiz21c 5y agoYou should be upvoted 100 points. That's the elephant in the room. Basically selfish behavior lead to global problem. So no, we can't let big corps rule the world alone.
- boramalper 5y agoRelevant: The Security Value of Inefficiency by Bruce Schneier > This drive for efficiency leads to brittle systems that function properly when everything is normal but break under stress. And when they break, everyone suffers. The less fortunate suffer and die. The more fortunate are merely hurt, and perhaps lose their freedoms or their future. But even the extremely fortunate suffer — maybe not in the short term, but in the long term from the constriction of the rest of society. https://www.schneier.com/blog/archives/2020/07/the_security_va.html https://www.schneier.com/blog/archives/2020/07/the_security_...