Why would banks have had to decentralize, if not for the computer? The given reason sounds like a non-sequitur to me:
> Consider that, say 20, 25 years ago, the banks were faced with the fact that the population was growing at a very rapid rate, many more checks would be written than before, and so on.
How does this imply decentralization would be necessary? Banks would just scale up their infrastructure and workforce, like any other institution over the course of humanity’s history of population growth.
> Consider that, say 20, 25 years ago, the banks were faced with the fact that the population was growing at a very rapid rate, many more checks would be written than before, and so on.
How does this imply decentralization would be necessary? Banks would just scale up their infrastructure and workforce, like any other institution over the course of humanity’s history of population growth.