Too big to fail or not big enough to be critical

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The "quote du jour"  is by Tom Evslin.

"Nothing should be too big to fail because nothing can be made failure-safe."

"There's no question anymore that institutions which are too big to fail are also too big to leave unregulated. [..]  
Those of us who have built complex interactive systems know that nodes which are significantly large compared to the network as a whole pose an outsized risk. The Internet is a triumph of decentralized relatively small nodes, none of which is "too big to fail". [..]
There is significant question whether any degree of regulation will be sufficient to prevent failure. Nodes fail for unexpected reasons - usually not the ones you're watching for." 

An excellent exposé how the illusion of control has more inherent dangers than the acceptance of the limits of control. Read it.

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