### q8 resiliency is short-term inefficient > “Modern finance with its obsession with ‘Return on Equity,’” meaning the kind of financial models that prioritize hyper-efficiency over all forms of resiliency. Most leaders, Peterson said, “stripped their company of all but the bare minimum of assets. Just in time everything. No excess capacity. No strategic reserves. No cash on the balance sheet. Minimal R&D.” The shock absorbers of the economy, he argued, are gone. [[Backwards Mapping Fiction]] this reminds me of the Modesitt concept in the Imager series where they burn the factory enemy. - [View Highlight](https://read.readwise.io/read/01fmd7xt4z6kc6cjp2pxj9ffwm) - [[Too Big to Sail How a Legal Revolution Clogged Our Ports by Matt Stoller#q8 resiliency is short-term inefficient|View in Vault]]