Part 11/13:
A recurring theme is that human nature drives the recurring patterns. People want quick wealth, tend to overestimate the benefits of technological "miracles," and often ignore warning signs until it’s too late. Regulation and rules help but are often circumvented during euphoria.
Andrew notes that much of the cyclical nature seems rooted in systemic mechanics and collective psychology rather than individual malfeasance. As such, the challenge remains understanding these patterns deeply enough to prevent or mitigate crises.
The Need for Better Systemic Understanding and Preparedness
Despite advances in policy and regulation, both experts agree that the core mechanics haven’t fundamentally changed. They advocate for:
- Increased awareness of systemic risk markers.