SEASON 12 HISTORY: COMPLEXITY AS PROTECTION
Episode 240 | Season 12 Capstone — History Episodes — Series Finale
In this History episode we close Season 12 by naming the pattern that distinguishes this season from previous ones: the gap between decision-makers and consequence-bearers in modern institutional failures is often maintained not by secrecy but by complexity. MCAS was disclosed to regulators at a level of abstraction that allowed approval without understanding. Mortgage-backed securities were described in prospectuses that pension fund managers accepted on the strength of a credit rating. Facebook's data practices were…
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