“Whoever knows he is deep, strives for clarity; whoever would like to appear deep to the crowd, strives for obscurity. For the crowd considers anything deep if only it cannot see to the bottom: the crowd is so timid and afraid of going into the water.”

Friedrich Wilhelm Nietzsche, The Gay Science (1882).

“. . . using financial complexity allegedly to deceive and then using so-called independent experts to validate the deception (lawyers, accountants, credit rating agencies, "portfolio selection agents," etc etc ) . . .”

"Now we know the truth. The financial meltdown wasn't a mistake – it was a con"

Why are many human systems complex? If we’ve learned anything over the past few years, it’s that there are two reasons—there are two kinds of complexity. Sometimes, complexity is required to get the job done. I think of this as “parsimonious complexity.” For instance, the Mars Rovers are extremely complex robots, but every part of these magnificent robots has a specific function that furthers a clearly and publicly defined mission. There are also instances where complexity is purposely injected into a system. I think of these as instances of “gratuitous complexity.” It’s important to keep in mind that all forms of complexity serve as entry barriers to activities, due to the limited attentional capabilities of humans. Very few of us have the stamina or intellect to thoroughly understand all of the artificial systems people create; many of us don't have the stamina to thoroughly understand even simple systems. When an activity is more complex, it is more difficult to understand and more daunting to those wishing to participate. Activities that are more complex are thus accessible to fewer people. For instance, chess is more complex than checkers, in that the state space of possible moves is larger in chess than in checkers. Checkers is easy to learn and play. But many checkers players don’t graduate to chess due to the increased complexity. Some systems are so incredibly complex that only the chosen few are able to participate.