Re:GitHub degraded performance – resolved
by ygjb on Thursday October 21, 2021 @06:07PM
(#28951406)
I wish I had your confidence in the financial system, but it's not the financial services I am concerned about.
Financial services are important for moving money around, and processing electronic payments, but it doesn't matter how effectively you can process a wire if there are significant supply chain disruptions, and systems failures that take down the platforms that major retailers and distributors use for logistics.
Even if ATMs and bank networks remain up, what about the encashment and physical security services that those institutions rely on to move around actual physical money?
The economy is more than just financial services, and all of those financial services are just proxies for the real world goods that people need to survive for more than a few days in most urban centres.
Financial services are important for moving money around, and processing electronic payments, but it doesn't matter how effectively you can process a wire if there are significant supply chain disruptions, and systems failures that take down the platforms that major retailers and distributors use for logistics.
Even if ATMs and bank networks remain up, what about the encashment and physical security services that those institutions rely on to move around actual physical money?
The economy is more than just financial services, and all of those financial services are just proxies for the real world goods that people need to survive for more than a few days in most urban centres.