Tim Sahay surveys the many crises covered in The Polycrisis newsletter over the last year and identifies four key shifts: northern countries are increasingly concerned with their own economic resilience but have not reformed the international financial system, so the global south remains increasingly vulnerable and disadvantaged; the past two years have witnessed more violent […]
George Monbiot argues that a vicious cycle is emerging between the rise of the political right, roll-backs of environmental policy and protections, increased migration, and worsening discrimination against refugees. “As millions are driven from their homes by climate disasters, the extreme right exploits their misery to extend its reach. As the extreme right gains power,
The Hard Right and Climate Change are Intimately Linked Read More »
This report analyzes actionable “tipping points” within global energy systems (fertilizer, shipping, power, etc.) that could produce a cascade of emissions reductions. The technology adoption needed to reach these positive tipping points is dependent on cost-effectiveness, attractiveness, and accessibility, but if these barriers are overcome, it could result in massive, self-reinforcing environmental improvements. The authors
The authors argue that the world’s dependence on networks and critical infrastructure renders it increasingly vulnerable to “cascading disasters” in which “it is common for the secondary effects to be new sources of impact, which may be more devastating than the original trigger.” To help analyze the vulnerability pathways through which disaster cascades propagate, they
What are Cascading Disasters? Read More »
The authors argue that the world constitutes a tightly coupled, global complex system that endogenously generates systemic risks and vulnerabilities as it grows more complex. After discussing complexity, risk, and networks as key elements of their framework, they provide case studies of global systemic risk in trade, finance, infrastructure, climate change, and public health. The
The Emergence of Global Systemic Risk Read More »
Ian Goldin and Mike Mariathasan argue that systemic risk is endemic to globalization that cannot be removed. “It is a process to be managed rather than a problem to be solved” (p. xiii). But rather than retreat from globalization and forfeit its considerable benefits, the authors argue that systemic risk requires global governance reforms to
The Butterfly Defect: How Globalization Creates Systemic Risks, and What to Do about it Read More »
