Ezra Klein imagines a world in which banks operated like the US medical system, i.e. being stubbornly resistant to record-keeping advances:
Try to imagine a scenario in which a bank that uses paper records still survived. Give it a shot. Imagine potential customers walking in the door, and the bank manager opening a massive ledger book to page 2,012, and that bank not going out of business. That’s basically what’s happening in medicine. The difference is that rather than it merely being your money which relies on accurate penmanship and high quality paper stock, it’s your health, and even your life.
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