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> It's so bad that I haven't managed to find a single industry with the same massive amount of stupidity, with the exception of perhaps the fashion industry

Perhaps a bit too much hyperbole, but lots of industries have these cycles of increasing complexity. The necessity of such complexity is in the eye of the beholder.

  - Agriculture. Herbicide -> GM plants to resist herbicides
  - Automobiles. Manual -> Auto
  - Finance. HFT anyone ?
  - Construction.
  - Medicine.
  - Accounting. GAAP
  - and finally... Quantum Physics !


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