Comment by normalfaults | Hacker News Reader

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Comment by normalfaults | Hacker News Reader

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I wonder if there is an economic/academic term for this? Vicious Cycle?

Perhaps: https://en.wikipedia.org/wiki/Deadlock#Livelock

Tragedy of the commons?

Feedback loops and vicious cycles are more accurate, I'd say: https://en.wikipedia.org/wiki/Virtuous_circle_and_vicious_ci...

Also if anyone's interested, the article I was referring to is this: http://www.mauldineconomics.com/the-10th-man/black-monday

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