@zerohedge This article has fundamental wrong assumptions: it conflates the "system model" with the system itself. The financial system is divergent by design (no conservation of money or credit, unlike energy systems governed by laws of conversation of mass/energy). So instability / divergence / inflation is part of the $ system. If you take meme stocks, 1929 or current bubble, there's amplification of gains, too much positive feedback, not degradation of signals. Weak argument. Complex systems do not fail, they readjust / reconfigure, disagree with author on system failure; e.g. 1929, 2008, covid, etc reconfiguration, not failure. As a systems engineer, the real danger is not that institutions lose control. The real danger is that institutions mistake their model of the system for the system itself, and continue acting as though stability in the model implies stability in reality.
$SPY #CONTROLSYSTEM #PID