unixraider

"People seem to have a really hard time with the idea that, in the SVB debacle, the system worked effectively and pretty much the way it was planned to. It's not even clear what people are upset about."

Does that have anything to do with this article at all? First few lines of this article: Banking is a confidence trick. Financial history is littered with runs, for the straightforward reason that no bank can survive if enough depositors want to be repaid at the same time. The trick, therefore, is to ensure that customers never have cause to whisk away their cash.

This article is about the possibility of the total loss of confidence in the banking industry leading to a run on a system that can't handle it. I understand the context you meant when you said things like "the system works, why is everyone upset", but I find those a pretty poor choice of words regardless with this much fear circulating.

God I love this question. I ask the exact same thing at least twice a week. I use to have real depression over this issue.

I have zero answers for you. Personally, I learned to truly be ok with the answer "we don't know yet, but we're working toward it together". If you can somehow get to that point, you'll feel a little ease and maybe even a bit more connection with the rest of humanity.

I don't feel like most of humanity cares or even thinks about this in any regular interval, but I do. Might sound lame, but I feel like the right thing to do is contribute to meaningful work (space travel, medicine, sustainable energy, <noble cause X>) and focus on immediate problems in those areas.

People like you and I will never be around to see if humans collectively find good answers to these questions, but the same can be said about all the humans before us that got us to this point, and I'm truly thankful for what they built so far for us.