3 ms·
Yup, the problem with cascade failures is when it becomes obvious its often too late to do anything about it but watch. I've been talking about this for a long
by than3 3y ago
Yup, the problem with cascade failures is when it becomes obvious its often too late to do anything about it but watch.
I've been talking about this for a long while now. It pretty much follows the AI economic doomsday scenario to a tee, where AI destroys factor markets replacing workers, people can't get food, unrest then happens as people die, and then its the end for a large portion of us. Won't happen overnight, but slow and full of suffering. It has happened this way every time the economic cycle stalls, and we currently have at least 5B people over-provisioned for the planet when certain food systems fail there's only one thing that can happen.
Very predictable too if one were properly educated with a decent amount of economics and actual history and not the trite crap they teach these days in public education.
Support systems are in place, but the only way to fund them is to print money from nothing, and anyone that knows anything knows this runs fiat straight into an economic calculation problem (non-market socialism) which doesn't work. Its just a matter of time before debasement reaches a critical threshold (which we are close to already).