Comment by 🚀 AlexusBlack

Financial system, is definitelly one of critical systems that keeps increasing its complexity and fragility. From simple barter, to medium of exchange (gold / silver), to printed then digital currency. Now whole financial institutions deal with financial tools of ever increasing complexity, boosted by index funds and super funds that "follow trends" in reality amplifying smallest market turbulence. There are even hedge funds and other actors who are directly interested in gambling against portions of economy and sometimes even whole economy.

If we take into account auto-trading, AI forecasting, economic collapse and technological collapse probabilities are closely linked.

Sep 12 · 3 months ago

Original Post

I've been facinated by technological collapses recently. My current favourite example is Bronze Age collapse. There are many theories about why, but I like this one: General systems collapse theory, pioneered by Joseph Tainter, proposes that societal collapse results from an increase in social complexity beyond a sustainable level, leading people to revert to simpler ways of life. Civilization usually defined trough social and technological complexities. They stack upon each other increasing...