Comment
Comment by yeauldfellows
Depressing thought that this phenomena is some kind of Nash equilibrium. That in the space of competition between firms, the equilibrium is for companies to outsource IT labor, saving on IT costs and passing that cost savings onto whatever service they are providing. -> Firms that outsource, out-compete their competition + expose their services to black swan catastrophic risk.
Is regulation that only way out of this, from a game theory perspective?