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"Too big to fail" means everything fails. In my opinion we are on the precipice of civilization collapse. The reason is that people can no longer think logicall
by morpheos137 4y ago
"Too big to fail" means everything fails. In my opinion we are on the precipice of civilization collapse. The reason is that people can no longer think logically and the tools they use are increasingly becoming a hinderence.
The problem crosses multiple domains, not just "Tech."
Basically we have reach a point as a civilization where failure and ineptitude are increasingly not penalized.
- GianFabien 4y agoWe're living in the Golden Age: they with the gold (money actually) make all the rules. As the article mentions, the emergence of quasi-monopolies constrains decisions at all levels in service of further maximizing financial gains. The 99.9% are mere pawns in this game.
- readthenotes1 4y agoEmergence? Monopolies are the norm, I believe. The 20th century in the United States (from the Sherman antitrust act, 1890, to the changes in the Reagan era, 1984ish) is an exceptional period.
- candiddevmike 4y agoWe optimized for the short term without caring about the long term (climate, sustainability, equality, prosperity). Now everyone and everything is in debt (money, natural resources, compassion), yea I could see it all fall apart.
- grugagag 4y agoFalling apart could result in a temporary and tragic setback, eg a period of stagnation and hardship, perhaps some world wars and some global population decline, but a civilization collapse though is still avoidable