Our polycrisis demands a radically new approach to risk management

Ruth Richardson, the Executive Director of the Accelerator for Systemic Risk Assessment, argues that the “escalating global polycrisis demands an urgent and transformative shift in how we assess, anticipate, and mitigate systemic risks.” She then suggests a range of practical actions governments could take to better contend with polycrisis, such as creating a Minister for Systemic Risk position, convening citizen assemblies, and pursuing participatory budgeting.