3 ms·
Depends on whether the systems you're working on have catastrophic failure modes, or not. In terms of how the responsible parties behave in both realms, it com
by photochemsyn 2y ago
Depends on whether the systems you're working on have catastrophic failure modes, or not. In terms of how the responsible parties behave in both realms, it comes down to whether the costs of catastrophic failure can be externalized or not (e.g. government bailouts for chaos in in subprime mortgages or natural gas futures markets, Price-Anderson indemnity for nuclear reactor meltdowns). Miscalculation (see Boeing) can be disastrous.
Now if you can't externalize the costs of catastrophic failure, that will be the fundamental constraint on your engineering / finance strategy. If you really don't want your network to be breached, you'll build it around security features, not try to hack them on after the fact. I like to think SpaceX, as a private company without the kind of political heavyweight backers that ULA enjoyed, thus put a lot more effort into avoiding the kind of problems ULA is currently having, for just that reason.
Conclusion: take away the government safety nets, and both engineering and finance will perform better? Now about Silicon Valley Bank...