Quiz

business is built on a "lack of understanding" of the rules of the business itself; if everyone understands what they are doing and how it works, the business will collapse.

No. If everyone understands, nothing will collapse. However, a loss of trust in the system can be dangerous. But those who understand the financial system best cannot afford not to trust it, as their activities usually depend directly on it. Trust in the system is maintained not by the fact that it is not understood (mostly), but by the fact that it is much more beneficial for people to trust than not to trust. Therefore, all these complex and multi-stage schemes are alive and well and are not going to die anytime soon.