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> ... that even large established companies may quite literally "die out" because there is nobody left that knows how to operate them? We are already seeing th
by naishoya 7d ago
> ... that even large established companies may quite literally "die out" because there is nobody left that knows how to operate them?
We are already seeing this in the catastrophic system failures at major Japanese mega-banks like Mizuho. These failures are the classic symptoms of this exact condition: senior cliques that do not understand the underlying technology and by trying to manage massive systems via hierarchical edict combined with a side effect of greed made possible by institutional shortfall of observation and analysis and the inevitable results are operational paralysis and collapse.