“Efficiency, in fact, can be hazardous to our well-being, and a strategic amount of inefficiency is crucial in keeping society healthy.”https://twitter.com/TheAtlantic/status/1255518102734987266 …
Making a system simpler usually makes it more robust, and sometimes makes it more efficient.
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Not generalisable at all. Systems often become more robust with diversity and redundancy.
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This is one of those concepts so deep it works across virtually every domain. For example Occam's razor in science and regularization in machine learning. What are the best counterexamples? I would expect some in biology, since everything there is bonkers complicated.
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And yet much of Silicon Valley's recent "innovation" makes systems more complexn inserting rent seeking middlemen. Now the... Biggest media co: produces no content. Biggest transport co: owns no vehicles. Largest food deliverer: owns no kitchens. Is this really "innovation"?
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Interesting question, and the answer is yes. Economies tend to become more specialized as they become more sophisticated.
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