[HN Gopher] The Collapse of Complex Societies (Book Review)
       ___________________________________________________________________
        
       The Collapse of Complex Societies (Book Review)
        
       Author : simonebrunozzi
       Score  : 165 points
       Date   : 2022-08-20 07:55 UTC (15 hours ago)
        
 (HTM) web link (continuations.com)
 (TXT) w3m dump (continuations.com)
        
       | pessimizer wrote:
       | I think the mechanism is simple "imperial overstretch." Societies
       | that go to war give a lot of their resources to the people who
       | produce military material. Those people's disproportionate
       | control of resources gives them a disproportionate influence in
       | politics, which they then use to encourage more wars, creating a
       | virtuous circle. As long as war delivers plunder and expansion,
       | society has the resources to continue this.
       | 
       | But the incentive of war suppliers to encourage war is not the
       | same as an incentive to win wars. War suppliers profit more from
       | wasteful use of the military, and endless _extension_ of wars,
       | than wins (which replace them with peacetime producers.) This
       | slows down the rate of plunder and expansion until the resources
       | expended on war material become a huge drain on the rest of
       | society.
       | 
       | This brings general unrest as the lower classes become desperate,
       | civil war when different factions argue about which wars to
       | pursue or end and on strategy, and secession at the borders,
       | especially the areas that were the fruits of expansion. This is
       | weakness, and invites invasion by a neighboring society in the
       | growth phase of the same process.
       | 
       | I think the association with complexity is just because
       | complexity in society rises with the size and organization of the
       | military and its infrastructure.
        
       | [deleted]
        
       | gtsnexp wrote:
       | Just a very superficial comment/thought after reading the review:
       | There seem to be an underlying implied correlation between
       | complexity and failure (or collapse). If that premise is, indeed,
       | part of the book's thesis then, in this context, would be fair to
       | say that "simple" societies are less prone to collapse?
        
         | bratbag wrote:
         | In the same way that a boulder at the bottom of a valley is
         | unlikely to roll downhill.
        
           | inglor_cz wrote:
           | To be more exact, primitive societies can still collapse
           | demographically (e.g. through a widespread plague or famine),
           | but they don't have any extra complexity to lose.
        
         | inglor_cz wrote:
         | Primitive societies do not collapse or grow much. They just
         | stagnate. It might be nice living (I would surely enjoy some
         | hunter-and-gatherer lifestyle), but there is basically no
         | progress over centuries or even millennia.
         | 
         | To look at one extreme example, Neanderthal stone tools
         | (Mousterien) haven't changed very much over 100 000 years of
         | their existence.
        
           | wahnfrieden wrote:
           | lol please catch up on modern research, wengrow for instance.
           | you're repeating a colonialist distortion
        
             | inglor_cz wrote:
             | There is nothing colonialist about the fact that less
             | complex societies don't develop as quickly as more complex
             | ones.
             | 
             | It is not even about ethnicity. For example, the Incan
             | empire developed very fast and reached Roman-like levels of
             | complexity and political power in mere decades after its
             | founding, in fact _much faster than the Romans themselves
             | once did_.
             | 
             | In the meantime, hunters and gatherer's way of life in
             | other parts of the world, including Europe (such as the
             | Sami in Lappland), barely changed over centuries.
        
               | wizofaus wrote:
               | Is it a "fact" though? Human civilization now is arguably
               | more complex than it's ever been in the past, yet I'm not
               | sure we could argue the pace of change in the last few
               | decades is the most rapid/transformative it's ever been
               | (which Tainter would presumably see as evidence of the
               | reducing gains of increased complexity). Or perhaps like
               | in politics, there are decades where nothing happens and
               | weeks (well, years at least) where decades happen... And
               | we should definitely question the assumption that a
               | faster pace of technological change is actually a good
               | thing.
        
               | wahnfrieden wrote:
               | you're still repeating outdated histories
        
               | dredmorbius wrote:
               | You might care to demonstrate more substantive discussion
               | by detailing your reasoning and linking and citing
               | sources.
        
           | AlotOfReading wrote:
           | It's profoundly incorrect to say that nomadic societies
           | "stagnated". They adapted to incredibly variable and harsh
           | conditions from the equator to the Arctic and invented much
           | of the technology of the modern world like agriculture.
           | 
           | Archaeological horizons and the lack thereof are only partly
           | related to the societies that produced them.
           | 
           | If you're just getting into the subject of what ancient
           | societies looked like and how diverse they could be, I'd
           | recommend _Dawn of Everything_ as an approachable instruction
           | to the topic.
        
             | inglor_cz wrote:
             | The delta in comparison to the timescale was extremely
             | small, though. Stagnation does not necessarily mean
             | "nothing ever changes at all", just a very small rate of
             | change compared to the modern era.
             | 
             | A life of a person in 8000 BC was not that different from
             | life of a person in 7000 BC. For a person from 1000 AD, the
             | world of 2000 AD would be wholly unrecognizable.
             | 
             | Highly organized societies tend to transform their
             | environment very thoroughly - just look at all the Roman
             | buildings and facilities that still dot the landscape from
             | Spain to the Levant. A rural society wouldn't be capable of
             | building something like that.
        
               | jcranmer wrote:
               | > A life of a person in 8000 BC was not that different
               | from life of a person in 7000 BC
               | 
               | What about Catalhoyuk? 7000 BC puts you around the
               | zenith. Not far away in Mesopotamia, 7000 BC would also
               | be about the start of the Hassuna period, the first
               | development of pottery in the region [1]. In general,
               | 8000-7000BC is seeing major progression in the Neolithic
               | Revolution, so the life of a person in 7000 BC is perhaps
               | as different from 8000 BC. as 2000 AD would be for
               | someone in 1000 AD.
               | 
               | [1] And it's worth noting that pottery is,
               | archaeologically speaking, basically the best tool we
               | have for identifying changes in illiterate societies.
               | Pre-pottery, there usually isn't enough surviving
               | remnants of society to make good guesses as to the
               | cultural practices of that society.
        
               | AlotOfReading wrote:
               | Don't mistake the limitations of the archaeological
               | record for the underlying reality. Humans are distinctive
               | from most animals precisely because they have adaptations
               | like culture that are perfectly suited to high speed
               | adaptations to changing conditions. Someone born
               | thousands of years would have found quite a lot
               | different, just like you would if you were born in the
               | Roman empire.
        
               | inglor_cz wrote:
               | Suitable, yes. I don't doubt that cultures _can_ develop
               | extremely quickly when the conditions are ripe. The
               | Japanese dismantled their feudal structure and
               | transformed into a major industrial and military power
               | within a single generation.
               | 
               | But that happened under a strong, merciless pressure from
               | other industrialized nations. Nature acts way more slowly
               | that Commodore Perry did and the adaptations are much
               | slower, too.
        
         | Werewolf255 wrote:
         | I think there might be room for misreading/misinterpretation of
         | that part.
         | 
         | I read that part of the review as saying complex societies have
         | 'bucked the trend' by not being -as- prone to collapse; but
         | with a big caveat that it looks like complex societies may
         | operate on longer time scales, so the collapse might be staved
         | off for longer. It's an open question about what 'long enough'
         | would look like though, one that's probably beyond the author's
         | scope.
        
       | triska wrote:
       | I also highly recommend this book!
       | 
       | Regarding the sentence _" One that he doesn't discuss much but
       | that is particularly pertinent to today, is the accretion of laws
       | and regulations."_ which appears in the review: I think all these
       | laws and regulations can be regarded as being part of the
       | increasing bureaucracy that Tainter identifies as the cause of
       | eventual collapse of complex societies.
       | 
       | One thing I would add, in addition to the diminishing marginal
       | return of bureaucracy that Tainter mentions, is the tendency of
       | contemporary administrations to create more bureaucracy even when
       | their own stated goal is to reduce bureaucracy or increase
       | efficiency, for example by trying to collect and compare precise
       | numbers that show how they have become more efficient at a task
       | that is in essence not really quantifiable. A related book I
       | recommend particularly in that regard is _Le Regne de la Quantite
       | et les Signes des Temps_ by Rene Guenon.
        
         | zwkrt wrote:
         | In the book A Fire Upon the Deep, Vernor Vinge outlines a kind
         | of bleak future for humanity in which societal collapse is
         | inevitable. Despite interstellar communication and wild
         | technology, there always comes a point at which the machinery
         | of a given society is too complicated and heavy handed and
         | over-fitted to handle some change in circumstances. The result
         | is the survivors are thrown back to pre-industrial society. Of
         | course in his book the machinery of society is more
         | intrinsically enmeshed with high technology--a failure in
         | supply chain could result in a failure of resource allocation
         | or governance.
        
           | jasone wrote:
           | I found the prequel, "A Deepness in the Sky", even more
           | compelling. The book's theme is the inevitable collapse of
           | legacy software under the weight of its own complexity. And
           | the book views codified government as a form of legacy
           | software.
        
         | starkd wrote:
         | There is also the phenomenon of regulatory capture, when the
         | bureaucracy responsible for implementing regulations gets
         | captured by the corporations and entities involved. Very
         | relevant to what's happening today.
        
           | germinalphrase wrote:
           | I can't say much about the veracity of her arguments, but
           | there is a journalist named Sarah Chayes that has been
           | investigating the US failures in Afghanistan as, primarily, a
           | reflection of America supporting (and helping to build) a
           | culture of corruption that undermined our primary nation
           | building objectives in that country. She extends this
           | argument to American political and business culture that
           | shares these same qualities of corruption (that we
           | conveniently label as something other than "corruption").
        
         | Eddy_Viscosity2 wrote:
         | > trying to collect and compare precise numbers that show how
         | they have become more efficient at a task that is in essence
         | not really quantifiable
         | 
         | For me this is particularly maddening as I run into it
         | frequently. Managers/bureaucrats want to make decisions based
         | on 'metrics', primarily because it gives them cover if it
         | happens to be the wrong decision. But, many many issues where
         | decisions are required are more subjective than objective.
         | Meaning there really aren't any metrics that can reliably
         | 'measure' them. Instead of just acknowledging this plain and
         | simple fact, they just create more metrics and/or define the
         | criteria with even more detail. It just makes more work but
         | adds no further insight because ultimately, the issue is
         | subjective and no volume of measurements will help. Think about
         | coming up with a formula about how 'good' art is by measuring
         | how many colors it has, how many curves, right angles, etc. It
         | just doesn't work that way and but they keep trying.
        
           | jollybean wrote:
           | " Managers/bureaucrats want to make decisions based on
           | 'metrics', primarily because it gives them cover if it
           | happens to be the wrong decision"
           | 
           | My word, no, they want to make decisions based on 'metrics'
           | because it validates the 'do or not decision'.
           | 
           | We make hardware based products and have a very real need to
           | model component prices, fluctuations, trade/political risks
           | etc..
           | 
           | Most things are not 'art'. If someone wants metrics on
           | something so fuzzy, put the 'wide error' bars on the
           | estimation.
           | 
           | Better yet - don't even talk about measurements, make it a
           | 'risk assessment' exercise and identify the key issues that
           | go into defining the unknown.
           | 
           | Ontario government is spending a huge amount of money doing
           | 'environmental assessment' for high speed rail - it's better
           | to do that than to start building and hope they don't come
           | across some 'magical wetland' etc.
           | 
           | Granted - they are spending too much money on the assessment
           | ...
        
           | Helmut10001 wrote:
           | The reason is responsibility, and not one wants to take it,
           | especially not politicians or people working for the
           | goverment. That is why they need metrics, so they cannot be
           | taken responsible for the consequences. "It was not my fault.
           | The numbers said it."
        
             | Mezzie wrote:
             | I've seen this in academia, for-profit, and non-profit
             | sectors as well.
             | 
             | It's what happens when responsibility is not married with
             | reward, or worse, is _punished_ by those above you. Why
             | take responsibility when all responsibility gets you is
             | fired, scolded, blame, or a bunch of additional work but no
             | accolades, pay raises, promotions, etc?
        
           | PaulDavisThe1st wrote:
           | > Managers/bureaucrats want to make decisions based on
           | 'metrics', primarily because it gives them cover if it
           | happens to be the wrong decision.
           | 
           | That might be true, but "making decisions based on metrics"
           | is also the core idea of the meritocracy/technocracy. Rather
           | than claiming that a person has special insight or superior
           | intuition, and should thus control the decision, there's this
           | contemporary (post-Enlightenment?) idea that we could instead
           | systematize decision making and thus avoid or at least reduce
           | cognitive bias, corruption and nepotism.
        
             | gopher_space wrote:
             | "Metrics" as a concept is not under attack just because
             | someone ginned up a false one to save money.
        
         | adverbly wrote:
         | Imo it is not the existence or ineffectiveness of complex
         | laws/regs that leads to problems. Rather, their lack of
         | understanding among the population, and difficulty of
         | execution/implementation.
         | 
         | I actually had a startup project the I shelved specifically
         | aimed at addressing this. Wonder if I should revisit it...
        
           | oblak wrote:
           | Not sure you had to be downvoted for stating a simple
           | opinion. While I don't believe you are right, I'd like to ask
           | for the reasoning that led you to this conclusion.
        
         | AnimalMuppet wrote:
         | > One thing I would add, in addition to the diminishing
         | marginal return of bureaucracy that Tainter mentions, is the
         | tendency of contemporary administrations to create more
         | bureaucracy even when their own stated goal is to reduce
         | bureaucracy or increase efficiency
         | 
         | Hello, Agile.
        
         | agomez314 wrote:
         | I also focused in on this sentence. How difficult it becomes
         | for an average person to start new things on his/her own
         | nowadays! The only solution to the diminishing of widespread
         | bureaucracy i can think of is war - but is costly, can take a
         | long time, and most societies don't make it past a civil war.
         | Like a forest fire, it clears away the hubris and overgrowth of
         | process that accumulates over time.
        
           | selimnairb wrote:
           | What people arguing against accretion of regulations tend to
           | miss is that this accretion (as currently experienced in the
           | US at least) goes hand-in-hand with accumulation of capital
           | and consolidation of industries. The large corporations can
           | afford to comply with complex regulations. For them,
           | maintaining complex regulatory regimes (through legalized
           | bribery and regulatory capture) is part of the defensive
           | fortifications that maintain their monopoly/oligopoly
           | positions. As an optimist, I believe we can reform the system
           | (e.g., through antitrust enforcement, which the FTC under Ms.
           | Khan is doing more of than in recent decades), rather than
           | burn it down.
        
             | starkd wrote:
             | I applaud your optimism, but don't let optimism cloud
             | realism. There's comes a point when war is the only path
             | that can relieve the accumulated stresses.
        
               | [deleted]
        
               | JumpCrisscross wrote:
               | > _comes a point when war is the only path that can
               | relieve the accumulated stresses_
               | 
               | This is historically untrue. When complex societies civil
               | war, they tend to fall apart. (Wars of unification being
               | an exception.) Their citizens' living conditions
               | permanently fell, often for generations, until an outside
               | power subsumed them.
               | 
               | This trend looks to be strengthening as time goes on,
               | probably on account of increasing species-wide firepower
               | and mobility. Instead, peaceful (if politically violent)
               | "revolutions" reboot the society from time to time. One
               | could argue the Great Depression was the last such
               | restructuring of the American system.
        
               | jdkee wrote:
               | "One could argue the Great Depression was the last such
               | restructuring of the American system."
               | 
               | A better argument would be the case that American
               | involvement in WWII resulted in a larger restructuring of
               | American lives.
               | 
               | Women entering the workforce.
               | 
               | The U.S. military fighting racial segregation.
               | 
               | The resultant boomer generation and the rise of labor
               | until 1980.
               | 
               | Lowered income inequality.
               | 
               | The GI bill providing affordable higher-ed to a broad
               | swatch of the populace.
        
             | jollybean wrote:
             | Regulations go hand-in-hand with creating a safe and
             | functioning civilization.
             | 
             | Just look at the crypto market and imagine if we all had to
             | use those zany tokens to do things. We couldn't get
             | anything done.
             | 
             | That used to exist back in the 1800's.
             | 
             | Our financial systems are very stable and far more
             | resilient than we recognize. We take that for granted.
             | 
             | When is the last time depositors arbitrarily lost a pile of
             | cash while not investing in risky things?
             | 
             | That's a 'new financial innovation' largely enabled by laws
             | and oversight etc. that your great-great grandparents
             | didn't have the luxury of having.
        
           | jollybean wrote:
           | There are more opportunities for 'regular folks' to do
           | something on a 'grand scale' than at any time in history, but
           | not everyone can do it.
           | 
           | Paradoxically, starting your own business in the 'old time'
           | way, i.e. plumbing or roofing contractors ... it's like
           | guaranteed work for great income. Plumbers are the new
           | Dentists.
           | 
           | That said, there are areas in which regulatory issues are
           | obviously a problem.
           | 
           | This talk of 'war' is hyperbolic.
        
           | RandomLensman wrote:
           | I don't think war is necessary (and looking at things like
           | the "war on terror" that spawned a lot of rules, it might
           | even do the opposite).
           | 
           | Societies can do "de-sprawling" of rules, but it isn't a
           | frequent thing (the German civil code is kind of a reduction
           | of lots of several codes into one, for example).
           | 
           | There is probably also an element of aging societies becoming
           | more risk averse, hence more rules and regulations.
        
             | dredmorbius wrote:
             | Notionally the "wars" on drugs and terror are more akin to
             | the Islamic principle of _jihad_ , in the sense of a
             | struggle, rather than of military domination, occupation,
             | and conquest.
             | 
             | In the case of World War II, numerous governments were
             | created from whole cloth following the war, amongst
             | conquored territories, in newly-created states, and even
             | amongst some of the winners.
             | 
             | Notably, Japan had a constitution imposed on it by the
             | United States, which largely exists to the present day.
             | Some traditional institutions were preserved (e.g., the
             | emperor), but in almost entirely symbolic form. Germany
             | likewise was reconstituted under a new government, as was
             | Italy. Even France saw a new government formed (the Fifth
             | Republic) in 1958. The states of the Eastern bloc were
             | reconstituted under Communist rule as Soviet satellites.
             | India, Indonesia, the Phillipines, and several Arabic
             | states received independence. The state of Israel was
             | formed. Much of Africa decolonised in the 1950s and 1960s.
             | 
             | There was of course _some_ continuity through all of this,
             | but in large part, new governments emerged and old laws
             | were often voided.
        
             | _alxk wrote:
             | The "war on terror", like the "war on drugs", is a misnomer
             | though; it's not really a war (although a couple of wars
             | were waged as part of it, or alongside it).
        
               | RandomLensman wrote:
               | Fair enough. WW1 spawned things like DORA in the UK, for
               | example.
               | 
               | Edit: And WW2 saw another massive increase of the
               | "state", so not sure war does generally shrink
               | administrative systems.
        
               | inglor_cz wrote:
               | If you lose the war decisively, you have a chance to
               | rebuild the state from scratch, including the legal
               | system.
               | 
               | As a winner, though, you face the task of trying to
               | shrink an administrative system _that just won a war_.
        
               | WalterBright wrote:
               | Obvious examples are Germany and Japan after WW2.
        
               | inglor_cz wrote:
               | Another interesting point is Switzerland after 1848.
               | 
               | They had a very small-scale civil war which made them
               | rethink their political structure.
               | 
               | Or the Austrian empire in 1866, which lost a major war
               | against Prussia and was forced to reform itself into a
               | dual Austro-Hungarian monarchy. Which was somewhat more
               | competitive and liberal than its predecessor and if it
               | avoided other wars, it might in some form survive until
               | today.
        
               | wizofaus wrote:
               | Neither Germany or Japan stand out as being societies
               | with minimal bureaucracy and unnecessary/intrusive
               | regulation. Singapore (as a state that had to rebuild
               | considerably after war) is arguably an even more extreme
               | example.
        
               | dredmorbius wrote:
               | The point is that any such bureaucracy is recently formed
               | and _not_ a legacy of pre-1945 statutes.
        
               | wizofaus wrote:
               | Perhaps but war was posited of a method of "clearing the
               | books" and allowing significant reform. If that were true
               | you'd expect such societies to be less weighed down by
               | bureaucracy than others that had no such opportunity.
        
               | dredmorbius wrote:
               | Clearing of books has no bearing whatsover on subsequent
               | re-writing of them.
               | 
               | However if the present legislative burden is excessively
               | oppressive, a war, revolution, or reconstitution might
               | address same.
               | 
               | Your argument is a non sequitur.
        
               | WalterBright wrote:
               | They were post-WW2. The German Miracle in particular came
               | about when Germany went full free market as a way to
               | recover from the economy being burned to the ground. This
               | boom lasted until 1970 when the socialists were voted
               | into power, and on came the taxes and hamstringing. The
               | Japanese economy immediately after WW2 was run by
               | American leftist academics, who refused to allow big
               | business to operate. The economy flatlined. Until that
               | was rescinded, and the Japanese free market economic boom
               | began and ran up into the 80s.
        
           | Spooky23 wrote:
           | Huh?
           | 
           | I started a company for a small project on Tuesday. It took
           | me 30 minutes and I never left my chair.
        
             | recyclelater wrote:
             | Get some employees, have some of them turn out to be pain
             | in the ass, then find out how annoying west coast labor
             | laws are.
             | 
             | Hire some employees, spread them across multiple states,
             | find out the complexities of employment law in multiple
             | states.
             | 
             | Start up a health plan, same thing.
             | 
             | There a million examples, none of them are bad by
             | themselves, but every aspect of a multi employee business
             | has rules and regulations that if you run afoul of, there
             | are consequences. No one gives you a manual of these, you
             | find them out along the way and it costs you money and
             | time.
        
               | Spooky23 wrote:
               | I was an exec at a small company in a union building in
               | Manhattan. I'm familiar with annoyances.
               | 
               | That's life. It's full of annoyances. Our forebearers had
               | a lot more.
        
             | paganel wrote:
             | Maybe the OP hadn't in mind the actual process of
             | incorporating a company per se, but the process of
             | "starting" a company as in getting it off the ground in
             | terms of money coming in/revenues. And, imo, it's more
             | difficult now to do that compared to 10, 20 years ago, and
             | not only because of increased competition.
        
         | jxramos wrote:
         | reminds me of that Elon Musk quote
         | 
         | > "Rules and regulations are immortal. They don't die ...
         | there's not really an effective garbage collection system for
         | removing rules and regulations." Piling rules upon rules
         | instead gradually "hardens the arteries of civilisation, where
         | you are able to do less and less".
        
         | teddyh wrote:
         | " _Pournelle 's Iron Law of Bureaucracy states that in any
         | bureaucratic organization there will be two kinds of people:_
         | 
         |  _First, there will be those who are devoted to the goals of
         | the organization. Examples are dedicated classroom teachers in
         | an educational bureaucracy, many of the engineers and launch
         | technicians and scientists at NASA, even some agricultural
         | scientists and advisors in the former Soviet Union collective
         | farming administration._
         | 
         |  _Secondly, there will be those dedicated to the organization
         | itself. Examples are many of the administrators in the
         | education system, many professors of education, many teachers
         | union officials, much of the NASA headquarters staff, etc._
         | 
         |  _The Iron Law states that in every case the second group will
         | gain and keep control of the organization. It will write the
         | rules, and control promotions within the organization._ "
         | 
         | -- https://www.jerrypournelle.com/reports/jerryp/iron.html
        
           | jollybean wrote:
           | There is some insight in this, but it's also deeply cynical
           | to the point of being very misleading and maybe a bit wrong.
           | 
           | Teachers and Administrators are equally as committed to
           | 'keeping their jobs'.
           | 
           | It just so happens that 'teaching' is mostly 'teaching' and
           | all you can do is 'teach' and so long as you have kids in
           | front of you 'it's working'.
           | 
           | The scope of their roles doesn't allow for them to go too far
           | away from 'the mission'.
           | 
           | Administrators are not default committed to the 'org' they're
           | just in a position where their decisions and actions may or
           | may not further the mission.
           | 
           | 'Very Bad Teaching' is rare and usually self evident. With
           | administration, it's not so clear.
           | 
           | NASA Engineers are not like teachers, in that, the could be
           | wasting a lot of time and energy. Maybe the risk is worth it
           | in some cases (?) in others, maybe not so much.
           | 
           | FYI - in teaching, the biggest costs are generally the
           | 'teachers'. etc..
           | 
           | Regular Public Schools aren't a good opportunity so much to
           | demonstrate this 'Law'.
           | 
           | A not-quite-independent entity like a Post Office might be.
           | They often fight directly against innovation due to the risk
           | it may create to jobs for rank and file, and don't quite have
           | the same competitive basis as others.
        
         | pbronez wrote:
         | > the tendency of contemporary administrations to create more
         | bureaucracy even when their own stated goal is to reduce
         | bureaucracy or increase efficiency, for example by trying to
         | collect and compare precise numbers that show how they have
         | become more efficient at a task that is in essence not really
         | quantifiable.
         | 
         | Helloooo paperwork reduction act
         | 
         | https://www.ffiec.gov/pdf/2017_FFIEC_EGRPRA_Joint-Report_to_...
        
         | wjnc wrote:
         | Perhaps you know since you've read the book: Does the book
         | _really_ decide on declining marginal returns to complexity as
         | an ultimate factor? Or is that the interpretation by the
         | reviewer? The bridging of sociology, history and economics was
         | somewhat rare back in the 80s and before. (Douglas North a
         | notable exception, obviously not alone.) If the author does,
         | now I'm wondering why I missed this book & going to read.
         | 
         | First thing as a counterpoint that comes to mind is biological
         | complexity. There are marginal diminishing returns to
         | complexity in biology as well, but not a rise / collapse rhythm
         | in biological complexity outside of external events that I know
         | of.
        
           | najarvg wrote:
           | This is a great point of comparison. I feel that societal
           | systems (and associated complexities) are more rigid than
           | biological systems in the sense that a biological systems
           | evolve efficient solutions in response to changing internal
           | and external stimuli while societal systems cannot/will not
           | due to man-made laws, norms, expectations etc. The latter
           | (biological systems) shows first order adaptation while the
           | former (societal) shows, at best second and third order
           | adaptations, if it even adapts.
        
           | dredmorbius wrote:
           | On the bridging of economics and sociology, I'd strongly
           | recommend Charles Perrow's _Complex Organizations: A Critical
           | Essay_ (1986), which is a tour de force survey of the
           | literature.
           | 
           | Notably, Herbert Simon spanned multiple domains (economics,
           | psychology, sociology, organisational behaviour, AI,
           | mathematics, ...), though comes off somewhat poorly in the
           | text.
           | 
           | https://www.worldcat.org/title/complex-organizations-a-
           | criti...
           | 
           | On Tainter, he specifically assesses eleven factors: resource
           | depletion, new resources, catastrophes, insufficient response
           | to circumstances, other complex societies (e.g.,
           | warfare/invasion), intruders, conflict / contradictions /
           | mismanagement, social dysfunction, mystical factors, chance
           | concatenation of events, and economic explanations.
           | 
           | Chapters 4 & 5 specifically address marginal productivity.
           | They are titled "Understanding collapse: th emarginal
           | productivity of sociopolitical change" and "Evaluation:
           | compelxity and marginal returns in collapsing societies".
           | 
           | Yes, declining marginal returns to complexity is Tainter's
           | principle thesis.
        
           | archduck wrote:
           | > The bridging of sociology, history and economics was
           | somewhat rare back in the 80s and before. (Douglas North a
           | notable exception, obviously not alone.)
           | 
           | So Karl Marx and Max Weber are just chopped liver?
        
             | wjnc wrote:
             | Ah true point. Perhaps the addition /in the modern
             | scientific era/ would be in place. Begging the question
             | when that starts of course. Let's say that economics was
             | earlier embracing quantitative techniques in the 20th
             | century and that there was a rift between the fields
             | especially when sociology was young that nowadays is less
             | pronounced. It's all interpretation.
        
               | PaulDavisThe1st wrote:
               | I would have said that the 1960s and part of the 1970s
               | were filled with attempts to synthesize, among other
               | things the fields you've mentioned. It wound down with
               | Reagan and Thatcher's elections, which may or may not be
               | proximate cause - the new right at that time were
               | certainly not fond of the humanities in any way.
        
         | jdkee wrote:
         | "The bureaucracy is expanding to meet the needs of the
         | expanding bureaucracy."
         | 
         | -Oscar Wilde
        
       | jason-phillips wrote:
       | > First, there are way more examples of complex societies
       | collapsing than I was aware of.
       | 
       | To add to the discussion, I submit this entertaining docu-
       | series[0] describing the collapse of Bronze Age civilizations
       | around the eastern Mediterranean.
       | 
       | The authors proffer that one possible cause for their near-total
       | collapse could have been a breakdown within Bronze Age society's
       | well-structured and complex systems from which recovery was
       | simply not possible.
       | 
       | Apologies to the history purists for the inevitable inaccuracies
       | to be found herein but this was an approachable series for me as
       | a codemonkey.
       | 
       | [0] https://m.youtube.com/watch?v=KkMP328eU5Q
        
         | udkl wrote:
         | I thought about posting this exact video, but you beat me to it
         | ! Extra credits really has some very well done entertaining
         | historical docu-series .... I recommend other historical buffs
         | to subscribe and go through their videos
        
         | Muehe wrote:
         | I can also recommend the FallOfCivilizations channel on
         | YouTube.[0] It's basically a podcast that later started adding
         | video footage to its episodes. As the name suggests each
         | episode deals with the rise and fall of one specific
         | civilization.
         | 
         | [0]:
         | https://www.youtube.com/c/FallofCivilizationsPodcast/videos
        
       | emiliano2022 wrote:
       | Society is a dissipative structure, and there is a thermodynamic
       | logic that applies to it. Energy goes into a society, and outputs
       | are metastable systems and the inevitable entropy. And sooner or
       | later the amount of energy needed to maintain that metastability
       | will exceed the energy available, this is in rough analogy to the
       | Carnot engine efficiency, where efficiency is proportional to the
       | temperature differences along the system boundaries. Everything
       | makes perfect sense if you cast it in this heterodox framework.
        
       | lucas_membrane wrote:
       | Diminishing returns on complexity might just mean that when thing
       | get complex, they get harder to figure out, so a larger
       | percentage of attempts at improvement (even attempts at
       | simplification) are likely to fail. Given that complex societies
       | take a long time to rise, the perpetrators thereof may see the
       | long-term upward course as a law of nature, and become a little
       | over-optimistic about the advantages of change.
       | 
       | The most universal law of nature: Periods of exponential growth
       | always end.
        
         | rossdavidh wrote:
         | I am reminded of software that has entered its "Big Ball of
         | Mud" phase, where it has become impossible to understand, even
         | to debug or simplify, and so it can no longer evolve to meet
         | changing needs, and is eventually replaced with something newer
         | (and, for the moment, simpler).
        
       | drivebycomment wrote:
       | I am highly skeptical there'a any clear causal relationship
       | between complexity and collapse, but let's say there's some. I
       | would rank nuclear war and a few others (climate change, or more
       | broadly environmental imbalance caused by humanity) much more
       | plausible and realistic cause for the collapse, way higher than
       | what meager change this has, and thus this is mostly a
       | distraction and intellectual pastime than something that is worth
       | our collective attention.
        
         | dredmorbius wrote:
         | Long, slow, persistent frictions and rot tend to be more
         | destructive over time than sudden attack or incident, though
         | the rot may enable a specific incident to become a
         | determinative trigger.
         | 
         | C.f., Bonhoeffer on the danger of stupidity --- unlike
         | determined malice, it never rests and knows no bounds or
         | restraints:
         | 
         |  _Stupidity is a more dangerous enemy of the good than malice.
         | One may protest against evil; it can be exposed and, if need
         | be, prevented by use of force. Evil always carries within
         | itself the germ of its own subversion in that it leaves behind
         | in human beings at least a sense of unease. Against stupidity
         | we are defenseless. Neither protests nor the use of force
         | accomplish anything here; reasons fall on deaf ears; facts that
         | contradict one's prejudgment simply need not be believed- in
         | such moments the stupid person even becomes critical - and when
         | facts are irrefutable they are just pushed aside as
         | inconsequential, as incidental. In all this the stupid person,
         | in contrast to the malicious one, is utterly self-satisfied
         | and, being easily irritated, becomes dangerous by going on the
         | attack. For that reason, greater caution is called for than
         | with a malicious one. Never again will we try to persuade the
         | stupid person with reasons, for it is senseless and dangerous.
         | ..._
         | 
         | https://www.platoscave.org/2021/10/bonhoeffer-on-stupidity-e...
         | 
         | (The essay continues, I strongly recommend it.)
        
         | wizofaus wrote:
         | Arguably our inability to reform our economies to be more
         | compatible with ecological sustainability is partly due to the
         | level (and consequent inertia) of complexity in our systems
         | though. Though I'd say the lack of motivation is largely due to
         | human nature (there's presumably never been sufficient
         | selective pressure to favour genes linked with the ability to
         | properly plan for futures beyond our own lifespans or to be
         | concerned by global-scale long term threats).
        
         | yomkippur wrote:
         | Chance of nuclear war is low.
         | 
         | Climate change exasperates the underlying scarcity of resources
         | that pressures those not at the top.
        
           | dredmorbius wrote:
           | NB: _exacerbates_.
           | 
           | https://www.dictionary.com/compare-words/exasperate-vs-
           | exace...
        
           | vkou wrote:
           | The chance of nuclear war in any particular year is low, but
           | I wouldn't say that the chance of a nuclear war is low. We
           | were seconds away from midnight multiple times in the
           | twentieth century.
           | 
           | The political and technical failsafes against it need to work
           | every time.
        
       | Animats wrote:
       | There's now a movement trying to accelerate the collapse:
       | "accelerationism".[1]
       | 
       | [1] https://en.wikipedia.org/wiki/Accelerationism
        
         | AnimalMuppet wrote:
         | Yeah, I know. People without a functioning moral compass, to
         | whom all the pain and death involved mean nothing? Romantic
         | dreamers, who think that it will make everything better? Short-
         | sighted escapists, who think that to not have their current set
         | of problems means not having problems? Revolutionary true
         | believers, who think that we will inevitably wind up at their
         | version of The Way Things Should Be? Egotists, who think that
         | sure, there will be lots of pain and suffering, but _they_ will
         | be fine? A mix of all of the above?
         | 
         | Whatever, it's a view that seems blind to all the death
         | involved. Do they just think all that death won't happen? Or do
         | they think "it will be worth it"?
         | 
         | I am profoundly uneasy with accelerationism. It seems like a
         | view for sociopaths.
        
       | fallingfrog wrote:
       | It's my opinion, having worked in IT in various roles, that there
       | are 3 kinds of systems. First, the informal systems, which are
       | just everyone doing whatever works for them. Those systems are
       | flexible, simple, and inefficient. Second, the rigid systems,
       | which tend to crop up when the org grows big enough that the
       | informal systems start getting in their own way. Those are
       | simple, inflexible, and efficient. Third are the complicated
       | systems, which happen when the simplifying assumptions in rigid
       | systems become problems. These are complicated, a bit less
       | efficient than rigid systems, and a bit less flexible than
       | informal systems.
       | 
       | Now, the problem with the complicated systems- which tend to
       | become more and more complicated over time- is that they require
       | a dedicated staff to maintain, which tends to grow over time, and
       | so the organization has to be big, and needs to have access to a
       | big profit margin/energy surplus. If that goes away, then yes you
       | have to collapse down to rigid or informal systems.
       | 
       | The same process no doubt plays out on a civilizational level
       | too.
        
       | lawrenceyan wrote:
       | I notice that the people who tend to be pessimistic more often
       | than not are those that don't have much direct exposure to
       | technology (whether through work or interest) in their daily
       | lives.
       | 
       | I personally would be somewhat pessimistic as well if not for
       | technology (energy generation/storage and AI primarily in terms
       | of resource creation, though improved AI without a corresponding
       | implementation of some form of basic income would be worrying).
        
         | zionic wrote:
         | FWIW The most pessimistic person I know is a ruby developer.
         | Great guy, just very skeptical and pessimistic about just about
         | anything.
        
       | havblue wrote:
       | At the risk of mentioning Trump, I thought this was what
       | executive order 13771 was supposed to alleviate: make the
       | regulatory state self-pruning by forcing it to repeal two
       | regulations for every one that was passed. It was environmentally
       | controversial, certainly. I don't see how the government will
       | ever reduce its complexity unless it has a similar mechanism in
       | place to force existing regulations to be removed to make room
       | for new ones.
        
         | objectivetruth wrote:
        
       | bobcostas55 wrote:
       | >One that he doesn't discuss much but that is particularly
       | pertinent to today, is the accretion of laws and regulations.
       | 
       | Tainter does discuss this, and rejects it (incorrectly imo).
        
         | dredmorbius wrote:
         | Could you be more specific as to where and how?
        
       | oblak wrote:
       | D-D-Don't quote me regulations. I co-chaired the committee that
       | reviewed the recommendation to revise the color of the book that
       | regulation's in... We kept it grey
        
       | peter_d_sherman wrote:
       | >"While these are essential tools for maintaining complex
       | societies it is particularly easy to see how over time their
       | benefits decline and their costs rise when you only ever add laws
       | and regulations but never do a partial or complete rewrite.
       | 
       | It is the _societal equivalent_ of the accumulation of _technical
       | debt_ in startups. "
       | 
       | What a great analogy!
       | 
       | At least for people that truly understand what technical debt
       | is...
        
         | dial9-1 wrote:
         | there are many analogies that could be made comparing software
         | development to society. for example, distributed vs centralized
         | is akin to communism vs capitalism. web-development, like
         | modern-day societies, only want to "scale", but forget that
         | scaling goes both ways, up and down.
        
           | amelius wrote:
           | And using laws in ways they were not intended to be used
           | (loopholes) corresponds to hacking.
           | 
           | It's never punished in the same way as hacking, though. In
           | fact, it's often considered a fair practice.
        
       | BMc2020 wrote:
       | _Albert Wenger is a partner at Union Square Ventures (USV), a New
       | York-based early stage VC firm focused on investing in disruptive
       | networks...Before joining USV, Albert was the president of
       | del.icio.us through the company's sale to Yahoo._
       | 
       | Honestly Albert, I'd like to see you working on bringing
       | del.icio.us back.
        
       | brakmic wrote:
       | Collapse of Complex Societies by Dr. Joseph Tainter:
       | https://youtu.be/G0R09YzyuCI
       | 
       | Joseph Tainter on The Dynamics of the Collapse of Human
       | Civilization: https://youtu.be/JsT9V3WQiNA
        
         | seltzered_ wrote:
         | Joseph Tainter was recently interviewed by Nate Hagens:
         | https://www.thegreatsimplification.com/episode/27-joe-tainte...
        
           | ambientenv wrote:
           | Came here to mention the interview by Nate and am happy to
           | see you did.
           | 
           | In addition, and on a similar conceptual basis, I'd
           | recommend:
           | 
           | The Great Simplification [1] The Century of the Self [2]
           | Can't Get You Out of My Head [3] The Resilience web site
           | content [4] The Consilience Project [5]
           | 
           | [1] https://www.youtube.com/watch?v=-xr9rIQxwj4 [2]
           | https://thoughtmaybe.com/the-century-of-the-self/ [3]
           | https://thoughtmaybe.com/cant-get-you-out-of-my-head/#top [4]
           | https://www.resilience.org/ [5]
           | https://consilienceproject.org/
        
             | fullstackchris wrote:
             | This is just scratching the surface of anthropology, if you
             | want to go on a wild ride, read The Dawn of Everything by
             | Graeber and Wengrow:
             | https://www.goodreads.com/book/show/56269264-the-dawn-of-
             | eve... Oxford also has a similar shop to Resilience /
             | Consilience, the Future of Humanity Institute:
             | https://www.fhi.ox.ac.uk/ Toby Ord is a member, his book
             | The Pricipe: Existential Risk and the Future of Humanity is
             | quite interesting:
             | https://www.goodreads.com/book/show/50485582-the-precipice
        
               | andrewprock wrote:
               | The Dawn of Everything has to be one of the worst books
               | on anthropology out there. It's a thing disguised polemic
               | dressed up as archeological history.
               | 
               | I find Yuval's work to be more digestible, in part due to
               | better writing, and in part due to less pretense.
               | 
               | I would also suggest Susan RiceBauer's The History of
               | Ancient Civilizations, Jack Weatherford's Genghis Khan
               | and the making is the modern world, and Lars Brownworths
               | Lost to the West: the forgotten Byzantine Empire.
        
       | jxramos wrote:
       | > Second, Tainter proposes a very simple and general mechanism
       | leading to collapse: declining marginal returns to complexity.
       | Over time the benefits of complexity diminish and its costs
       | increase.
       | 
       | This makes me think of the US Federal Tax code, the pure
       | opportunity cost of the entire tax industry and legislation that
       | could be otherwise spent if we just had a flat tax with it's full
       | regressiveness accepted. Any charity, favoratism, etc from the
       | government should come in the form of grants etc from some other
       | agency--keep the taxes simple.
        
         | rurp wrote:
         | Adding a simple floor to the tax rate would solve much of the
         | regressiveness. Nobody would pay taxes on their first $40k (or
         | whatever number works), and then a flat rate above that. The
         | floor could even be done as a prebate to gain some social
         | safety net benefits. Every citizen is given $tax_rate * $40k
         | every year, doled out as monthly payments, and pays a flat tax
         | rate on all income.
        
         | Werewolf255 wrote:
         | So, real question, why does the tax code need to be -that-
         | simple? Like, we've got computers and stuff to do the math
         | these days? It sounds like an easy way to say that one is for
         | 'a simple, common sense solution' while papering over the very
         | real harm it's going to do to at-risk and impoverished
         | communities.
         | 
         | To contribute, why should those communities that a flat tax
         | harms be forced to bear that weight of simplification?
         | 
         | It looks like you'd be ignoring the reviewer's second point:
         | that the other factor in societal collapse is when those
         | portions of society that bear undue weight no longer can bear
         | additional burdens.
        
         | PaulDavisThe1st wrote:
         | We could retain a progressive tax system with or without the
         | use of tax incentives. I would personally favor the removal of
         | all tax incentives to be replaced as your suggest with grants,
         | but would combine that with a continuously valued formula for
         | tax rather than tax brackets. It's very simple, except that
         | most people don't understand "equations".
        
         | pfisch wrote:
         | How can you just have a "flat tax" if you pay employees, or
         | have inventory costs? You need deductions so you need to track
         | everything anyway. That is the hard part.
         | 
         | So having a flat tax or not barely saves any complexity at all.
        
         | [deleted]
        
         | ZeroGravitas wrote:
         | If you are arguing for a flat tax, then simplicity is not
         | enoigh to make up for the obvious downsides. Particulalry as
         | fixing them isnt conplicated.
         | 
         | If you're arguing for simpler tax systems, which I think I
         | agree with, mentioning flat tax ideas in the same post is only
         | going to put people off the idea, and see it as a scam to
         | reduce taxes on the wealthy and undermine democracy.
        
           | onlyrealcuzzo wrote:
           | > and see it as a scam to reduce taxes on the wealthy and
           | undermine democracy.
           | 
           | While the wealthy do pay the majority of taxes - there's a
           | shocking number of absurdly wealthy people with low tax rates
           | (their overall tax bills are still eye watering to a normal
           | pleb).
           | 
           | So it's hard to argue for a flat tax without noting that it
           | will lower the average wealthy person's tax bill
           | considerably. At the same time, most people who argue for a
           | flat tax think it will actually increase wealthy people's
           | taxes!
           | 
           | Most people are aware that the rich "cheat their taxes". They
           | aren't aware that the vast majority of them are still paying
           | above median tax rates.
           | 
           | There's no way around it. The tax bill, currently, is heavily
           | footed by the wealthy. If you go to a "flat tax" it's going
           | to reduce taxes on the wealthy and increase them on the
           | majority.
        
             | ZeroGravitas wrote:
             | > So it's hard to argue for a flat tax without noting that
             | it will lower the average wealthy person's tax bill
             | considerably.
             | 
             | It's also hard because that is basically the only real
             | reason anyone has every argued for it.
             | 
             | Lots of ways to 'simplify' taxes that would actually tax
             | the rich without raising tax rates:
             | 
             | https://blogs.lse.ac.uk/businessreview/2020/06/15/raising-
             | mo...
        
               | PaulDavisThe1st wrote:
               | The UK and the US differ dramatically in their use of the
               | tax code to create behavioral and economic incentives.
               | Most of the complexity in the US tax code stems from the
               | government's repeated, endless use of "tax breaks"
               | (credits, deductions and more) to encourage various
               | things, whereas most other governments dispense money to
               | people who participate in whatever is supposed to be
               | encouraged. In theory the effects are similar; in
               | reality, the implications are wildly different.
        
         | euroderf wrote:
         | This reminds me of a commentary on the new megalaw - the
         | Inflation Reduction Act - that it succeeded (got passed)
         | because it wielded carrots rather than sticks.
         | 
         | This approach is compatible with your idea - to keep the tax
         | side of the budget super simple, and put all the incentives and
         | giveaways in the grants side (fairly transparently).
         | 
         | Property values on K Street would drop :-D
        
         | zzzzzzzza wrote:
         | land value tax.
        
       | hydrogen7800 wrote:
       | The author was a guest on the Omega Tau podcast back in 2015 [1].
       | There is a sort of follow-up podcast with a different guest on
       | the same topic [2].
       | 
       | [1] https://omegataupodcast.net/184-societal-complexity-and-
       | coll...
       | 
       | [2] https://omegataupodcast.net/238-societal-complexity-part-
       | ii-...
        
         | gtsnexp wrote:
         | Super interesting podcast (in general)! Thanks for the links.
        
       | yomkippur wrote:
       | Anybody else feel like the advanced economy countries are complex
       | and starting to collapse? I do.
        
         | dredmorbius wrote:
         | This is a fairly broadly-held view, yes.
         | 
         | It's also one that emerges throughout history. The term "Seneca
         | Cliff" refers to an observation by the Roman rhetoritician.
         | Apocalyptic concepts are common in the Bible. Eastern religions
         | tend to take a more cyclical view, of recurring expansion and
         | collapse. Oswald Spengler's _Decline of the West_ is a classic.
         | There 's a modern literature largely spawning from the Club of
         | Rome's _Limits to Growth_ (1972) of which I 'd include Tainter.
         | James Howard Kunstler's _The Long Emergency_ is a more recent
         | take on that.
         | 
         | Broad-brush observations and gut feelings tend to be less
         | substantive and articulable than specific indicia and
         | mechanisms. Tainter's work is of interest in that he does point
         | to a general rule that is common to multiple instances.
        
         | marcosdumay wrote:
         | The world seems to be entering a crisis, but I don't see any
         | overall trend over "advanced economy countries" (you mean rich
         | ones, right?), nor I see reasons for this specific crisis to be
         | very different from any other.
         | 
         | You may be thinking about one or two countries, and
         | overgeneralizing.
        
       | mrwh wrote:
       | Does this cover the Bronze Age collapses, triggered as societies
       | moved to iron? That could be a counterexample: the long-range
       | trading for copper and tin was no longer required, and that
       | _decrease_ in complexity (combined with the increase in killing
       | power of iron over bronze) led to multiple collapses across the
       | Mediterranean world.
        
         | dredmorbius wrote:
         | Yes, though quite briefly and indirectly.
         | 
         | The historical cases covered are (chapter 1): The Western Chou
         | Empire, the Harappan Civilization, Mesopotamia (includes the
         | Bronze age collapse period, though not detailed as such), The
         | Egyptian Old Kingdom, The Hittite Empire, The Olmec, The
         | Lowland Classic Maya, The Mesoamerican Highlands, Casas
         | Grandes, The Chacoans, The Hohokam, The Eastern Woodlands, The
         | Huari and Tiahuanoco Empires, The Kachin, and the Ik.
         | 
         | These are brief accounts (14 instances in 13 pages), but common
         | themes are highlighted.
        
       | newaccount2021 wrote:
       | In every complex societal collapse prior to the present day,
       | subsistence agriculture was either the most common occupation or
       | well-known to a substantial portion of the population.
       | 
       | I caution against turning doomerism into an intellectual fetish -
       | unlike past societies, we don't know how to feed ourselves
       | without "the system".
        
         | peteradio wrote:
         | Is the implication that common people had an obvious choice to
         | collapse into, now we don't so we kind of can't?
        
           | Mezzie wrote:
           | It's more that 'wandering off into the wild and doing your
           | own thing until society settles down/it being worth it to try
           | again' was an option.
           | 
           | Now we're at population levels that require some amount of
           | technological complexity to maintain and therefore a certain
           | level of complex organization.
        
         | yomkippur wrote:
         | yes but that was because the lower class was largely
         | responsible for food generation. today they are responsible for
         | so much more. Technology, especially hi-tech contributes to our
         | current complexity.
        
       | t_mann wrote:
       | > easy to see how over time their benefits decline and their
       | costs rise when you only ever add laws and regulations but never
       | do a partial or complete rewrite
       | 
       | written by someone who has thoroughly avoided learning even
       | superficially about how laws and regulations are actually being
       | created and curated.
       | 
       | or even just thinking it through. how would append-only
       | regulation even work? you'd have multiple slightly differently
       | worded paragraphs right below each other, and only the last one
       | counts? that's clearly not how it's done, also not in the bigger
       | picture.
        
         | xyzzyz wrote:
         | You're missing the point completely. It's not about law and
         | regulation _literally_ being append only, it's rather about the
         | number of laws and regulations consistently growing over time,
         | with very little repeal of old regulation, which are mainly
         | removed only to be replaced by more complex and extensive ones
         | on the same topic. If you even superficially learn about how
         | regulations and laws are created and curated in the US, you
         | will find that this is _exactly_ how things work here.
        
           | t_mann wrote:
           | An important counterexample that comes to mind is the Glass-
           | Steagall banking act, the repeal of which arguably led to the
           | greatest financial crisis in a century https://en.wikipedia.o
           | rg/wiki/Glass%E2%80%93Steagall_legisla...
           | 
           | shows that a) laws do indeed get repealed in the US and b)
           | reducing regulation may even increase the risk of chaos, not
           | reduce it
        
             | yyyk wrote:
             | > arguably led to the greatest financial crisis in a
             | century
             | 
             | The act did not ban securitization or buying derivatives.
             | Even wiki can't find any justification for this argument
             | beyond an unsourced 'cultural shift'.
        
               | andrewprock wrote:
               | The repeal allowed banks and investment houses to be run
               | under the same roof, changing the aggregate risk profile
               | of financial institutions greatly, in the direction of
               | significantly higher, and now correlated risk.
        
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