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"Just in time" is a phrase I hate with vehement passion. You aren't optimizing the system, you're reducing safety marigns - and consequences are usually similar to Challanger.

This is a solution that teenager put in management position would think of(along with hire more people as solution to inefficient processes), not a paid professional.

Systems like electric grid, internal water management (anti-flood) shouldn't be lean, they should be antifragile.

What's even more annoying that we have solutions for a lot of those problems - in case of electric grids we have hydroelectric buffers, we have types of powerplants that are easier to shutdown and startup than coal, gas or wind/solar(which cannot be used for cold start at all).

The problem is that building any of this takes longer than one political term.

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> You aren't optimizing the system

Of course not, they're optimising shareholder profit.

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What are some examples of modern system collapse?

We've had substantial disruptions, but they've not been particularly irrecoverable or sustained.

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For the people who died of normally preventable death during covid while the health services were overwhelmed, the damage is irrecoverable. The chips shortage lasted years. Every year we become more, not less, dependent on the supply chain working. Every year we become less, not more, resilient.
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I don't think it's crass to separate the deaths that occurred from a novel disease from the impact it had in society. In the medium term, it's a blip, never mind the long term. There's a huge chunk of society that thinks there was a huge overreaction!

The chips shortage has been difficult, but it's also been little more than an inconvenience when you look at it in terms of goods being available to consumers or whatever.

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