[wallacoloo]

and in its wake would be left space for more resilient structures to emerge.

i’m not saying “let it collapse”: a government has a duty to protect its own citizens of course. but i do think the myopic view which subsidizes a system once it becomes too big to fail runs counter to long-term prosperity by making the local optima more trapping than they would otherwise be.

[pm90]

It’s a myopic view to not throw supply chains into turmoil? This would be like letting your production service go down completely and instead of trying to bring it back up first you decide this is the perfect time to refactor it.

[wallacoloo]

the myopic view: of or focusing on only the present. never did i say the antidote is to take a hyperopic view. obviously the appropriate view will lie somewhere in between. i even went out of my way to clarify that the extreme hyperopic view is not what i advocate (my second sentence). it's only my point that we leaned (continue to lean) further to the myopic direction because we don't really understand (or appreciate) the extent to which this impacts things over any other timescale.

[pm90]

(Apologies for the misinterpretation; thanks for clarifying)