Highlighting the connections between economic and non-economic shocks to the world, Adam Tooze proposes that “A problem becomes a crisis when it challenges our ability to cope and thus threatens our identity. In the polycrisis the shocks are disparate, but they interact so that the whole is even more overwhelming than the sum of the […]
Welcome to the World of the Polycrisis Read More »
The author defines megathreats as “severe problems that could cause vast damage and misery and cannot be solved quickly or easily” (p. 4). “We are facing megathreats unlike anything we have faced before… [and] they overlap and reinforce one another” (p. 5). Roubini explores ten megathreats: debt accumulation and debt traps; easy money and financial crises;
Megathreats: Ten Dangerous Trends that Imperil Our Future and How to Survive Them Read More »
The Polycrisis is a newsletter and a series of essays and panels exploring intersecting crises with a particular emphasis on the political economy of climate change and global North/South dynamics.
This Foresight Brief argues that conventional risk management frameworks cannot grapple with the growing number of systemic and existential risks generated by decades of globalization. Instead, these risks require more long-term thinking – “intentional consideration of what might happen in the future, the choices for influencing it and the consequences of those choices” (p. 10).
Reviewing international cooperation on social and environmental change, and particularly the failure to achieve the Sustainable Development Goals, Jem Bendell argues that the Sustainable Development framework is unable to address the increasing crises and disasters faced by the world today. As an alternative, he proposes an upgraded form of Disaster Risk Management that is detached
Ian Bremmer argues that the world faces three major crises—pandemics, climate change, and disruptive technologies (AI, lethal autonomous weapons, cyberwarfare, and biotechnology)—but our ability to respond effectively is hampered by broken American politics and the worsening rivalry between the United States and China. The three crises, however, present an opportunity and the necessary impetus for
The Power of Crisis: How Three Threats – And Our Response – Will Change the World Read More »
Against those who anticipate a smooth, timely transition to renewable energy and net-zero carbon emissions, Vaclav Smil argues that we are much more dependent on fossil fuels than we recognize so that an energy transition will be difficult and tumultuous. “The real wrench in the works: we are a fossil-fueled civilization whose technical and scientific
How the World Really Works Read More »
The report provides an overview of several catastrophic risks that are potentially global in scope: weapons of mass destruction, pandemics, artificial intelligence, asteroids, climate change, super-volcanic eruptions, ecological collapse, population growth, and climate tipping points. For each risk, it explores the key factors that affect the risk levels and the extant governance frameworks that address
Global Catastrophic Risks 2022: A Year of Colliding Consequences Read More »
Niall Ferguson proposes that “Superficially… [it’s] no more than a very nasty coincidence that the latest wave of the pandemic should happen at the same time as so many extreme weather events and a wave of social and political unrest. On closer inspection, however, we can see that these are connections between these disasters –
The World’s Cascade of Disasters is Not a Coincidence Read More »
The authors use Boolean and dynamic network models to investigate how the the interactions of climate tipping elements (Greenland Ice Sheet, West Antarctic Ice Sheet, Atlantic Meridional Overturning Circulation (AMOC), El Niño-Southern Oscillation, and Amazon rainforest) could produce domino effects (or tipping cascades) across other tipping elements. They find that tipping points in the Greenland
