"The current system is actually quite resilient, because it has the built-in capacity for parts of it to fail without bringing down the whole thing."

This is false. It is the hallmark of the current economic order that our systems are very efficient, very interconnected, and very fragile.

I shouldn't care whether or not provincial Chinese governors are faking their economic reports or making bad loans - but of course, I do, since that could have a ripple effect that makes my business suffer. I shouldn't be fragile to that but I am.

Making the system less fragile would require removing some of the interconnections and the efficiencies. Growth and returns would be lower, but failures would be localized and less "interesting".