Systemic Risk and the Polycrisis

The author explores the concepts of systemic risk, polycrisis, and catastrophic risk, explaining how interconnected failures can cascade across diverse systems, threatening global stability. He emphasizes how systemic risk and polycrisis expose both the vulnerabilities and adaptive capacities of our global systems. The article illustrates that while a single failure can trigger widespread collapse, history reveals that societies can build resilient institutions and practices capable of addressing multiple, simultaneous crises, emphasizing the need for inclusive, collaborative governance strategies to navigate the increasingly complex global landscape.