A note on complexity
It's worth noting that three beats which many of us are interested in -- ObamaCare, the surveillance state (Snowden), and fraud and criminality in the FIRE sector -- are each characterized by three features:
- Overwhelming complexity*
- Dirty data**
- Pure rental extraction***
Just saying. Oh, and this is why this shit is so fucking hard to blog about. It's not a matter of taking cheap shots at public figures any more. Not that there's anything wrong with that.
NOTE * Especially bureaucratic complexity, but also complex IT systems
NOTE ** MsExpat gives a fine example today, but the same confusions between "Edward J Snowden," "Edward James Snowden," and "Edward Jeebus Snowden" are ubiquitous in Stasi data, MERS, LPS, and mortgage servicer data, and (I would bet) ObamaCare as well.
NOTE *** Pure in the sense that the rentier adds no value to the transaction whatever.