Academic

A LOOK AT the Japanese earthquake?s financial impact. Related: Japan?s Ripple Effect. ?We often?

By Glenn Reynolds

A LOOK AT the Japanese earthquake’s financial impact.

Related: Japan’s Ripple Effect. “We often tend to think of just-in-time as a method of production that was waiting for the clever Japanese to think of it. But in fact, just-in-time was also waiting for the speedy, reliable transportation links and the reliable infrastructure that made it possible. 99% of the time, it’s a great system. Now we see how resilient it can be when the black swans appear.”

As I’ve suggested before, we need to think harder about these vulnerabilities, and how to make systems more resilient. Some related thoughts on that here and here.

Full post as published by Instapundit.com on March 13, 2011 (boomark / email).