4 ms·
Key sentence: "When systems that were designed for resilience are optimized instead for efficiency, they break."
by ranprieur 1y ago
Key sentence: "When systems that were designed for resilience are optimized instead for efficiency, they break."
- andrewflnr 1y agoI'm so glad this idea is starting to go mainstream.
- Animats 1y agoMe too. In the days before electricity deregulation, power companies had rates regulated to achieve a fixed return on investment. This tended to result in overbuilding. Not huge overbuilding, but about 10% - 20%. The quest for "efficiency" wiped out some of that safety margin.
- euroderf 1y agoSo, the financial incentives are wholly dysfunctional, innappropriate, and badly thought out (if thought about at all).
- hliyan 1y agoMy personal formulation of this, which I arrived at during COVID, is: "Some inefficiencies are safety margins"
- pluto_modadic 1y agothree kinds of "inefficiencies" - safety margins (keep, to not harm the customer) - employee benefits (keep, to not harm the employee, e.g. retirement) - profit margins for stockholders (you could probably get rid of this)