The most obvious features of recent political and financial “solutions” are their staggering complexity and their failure to fix what’s broken. The first leads to the second. Consider the healthcare “reform,” thousands of pages of mind-numbing complexity which slathers on thick layers of bureaucratic control on a system which already costs twice as much per capita as competing developed-world systems.
Sadly, the “reform” simply solidifies the Status Quo fiefdoms and cartels that control the U.S. sickcare system.
The healthcare reform fixes nothing, while further burdening the nation with useless complexity and cost. The same can be said of the Dodd-Frank “reforms” of the embezzlement-based U.S. financial system. The original Glass–Steagall Act separating investment banking from depository banking was a few pages in length; by one count, Dodd-Frank requires that regulators create 243 rules, conduct 67 studies, and issue 22 periodic reports.
Meanwhile, back in reality, the Financial Elites of Wall Street and the “too big to fail” banks still have the nation (and Europe) by the throat.
Complexity is itself a tax; the maintenance cost of complexity is high, and can only be justified when the added complexity solves a critical problem of the society as a whole.
Read More at Charles Hugh Smith’s BlogSpot By Charles Hugh Smith