Archives for

instability

The Punishment of Nemesis

"Certain stories recur in the history of humanity – and one of the most dramatic and traumatic is that of hybris," writes Brian Davey. "Hybris is a drama brought about by actions motivated by excessive pride – for example the overestimation by leaders - and the society or institutions in their charge - of their power."

Cursed to live in interesting times

Brian Davey connects the fall in the growth rate, with its roots in the rising costs of energy extraction and generation, to declining resilience in the economic system. He argues that these are in turn related to a more conflict ridden geo-politics. There is an increased vulnerability to shocks which will be catastrophic unless and until there is a new conventional wisdom in society about what is wrong and what has to be done about it.

Over-financialisation – the Casino Metaphor

The casino metaphor has been widely used as a part-description of the phenomenon of over-financialisation. It's a handy pejorative tag but can it give us any real insights? This article by @GrahamJBarnes pursues the metaphor to extremes so that we can file & forget / get back to the football or possibly graduate to next level thinking.