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Analysis & Opinions - Quartz

Bruce Schneier Says We Need to Embrace Inefficiency to Save Our Economy

| June 30, 2020

Bruce Schneier writes that efficient systems have limited ability to deal with system-wide economic shocks: shocks that have been coming with increased frequency. These shocks are caused by global pandemics, climate change, financial crises, and political crises. In order to be secure against these crises and more, redundancy, diversity, and overcapacity need to be added back into certain systems.