"The shortcomings of centralization were largely ignored until the advent of the computer age. Computing power gave scientists the capability to quantify the fatal flaws underlying the tenets of centralization. The phrase that computer technicians coined to describe these inherent defects is 'single point of failure'. The 'single point of failure' principle refers to a system such that, if that one component were to fail, the entire system would grind to a halt… In socioeconomics, it means that one single error by a government agency could invoke a devastating outcome to society and its citizens. One error could crash a centralized system, leading to total systemic failure."
Centralisation

January 1, 1970