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These dynamics and the incentives they generate lead to systemic crisis and collapse...
Smith identifies five systemic dynamics (self-organization, power concentration, misaligned incentives) that explain contemporary chaos beyond ideological binaries. For tech leaders, the model reveals how organizations concentrate internal gains while diffusing risks externally—essential for aligning corporate incentive structures and competitive positioning.
Zerohedge Debates
ZeroHedge Reads
Alt-Market
AntiWar.com
Bitcoin Magazine

How high can we push valuations before something snaps violently?

Risks hiding in plain sight...

Both COVID and capital markets are not what they seem. And the media's narrative on both is crumbling...

It's not being bearish, it's basic financial journalism...

In a system that concentrates gains and diffuses risk, the "rational actor" seeks to maximize rackets that distribute…

A basic supply-and-demand question: where will the money come from?