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By Richard Fernandez

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Why “too big to fail” means “wait for it”

December 3, 2011 - 4:28 pm - by Richard Fernandez
virgil xenophon
2011-12-04 13:53:23

There is a French PhD student of administrative/bureaucratic government whose name I unfortunately can’t presently recall who has posited the theory that at some point dysfunctional organizations/governments become so immune to substantive change that any changes at the margins which serve to make them more “efficient” in their daily functioning without changing the very perverted priorities currently being attended to serve only to make it even more dangerously and dysfunctional, because it is now even more “efficiently ineffective,” i.e., after the tweeks are made for purposes of “efficiency” in the engine-room of the Ship of State (in this question) it will simply speed toward the rocky shoals even faster, when what is actually needed is a total change in course & heading bearings.

Bottom line? At some point, nearest the shoals, gradual “evolutionary” changes in the heading/bearing of the Ship of State will not be accomplished in time to avoid foundering on the rocks. At some point only drastic, nearly instant course corrections (i.e., “revolutionary” changes) will suffice. As this nation journey’s thru the passage of time & history might it be asked; “Are we there yet?”