Economic resilience for Scotland requires INTERdependence


I don’t wish to engage in or contribute to THE political debate on how the interests of our nation are best-served! No offence to Salmond or Lamont  but, rather than listen to them, I would defer to some “older wisdom”…no not Ming Campbell:

“To put the world right in order, we must first put the nation in order; to put the nation in order, we must first put the family in order; to put the family in order, we must first cultivate our personal life; we must first set our hearts right.”

Confucius

Apart from cultivating greater personal understanding of how WE can contribute to a better Scottish society, our greatest challenge is how to (re)build financial resilience: create a sustainable economy and undo the damage done to our finances, our hard-earned reputation for economic thinking, innovation and business leadership. Read more of this post

Dangerous Intersection:: the straw that broke the camel’s back


The Lorenz attractor is an example of a non-li...

The Lorenz attractor is an example of a non-linear dynamical system. Studying this system helped give rise to Chaos theory. (Photo credit: Wikipedia)

I was never one for Geometry but these ‘seriously simple’ diagrams, when viewed in real world contexts, make much more sense to me now than hours in a classroom ever did back in the day!

Sudden paradigm shifts, bifurcations, ‘tipping points’ or jumps, that can represent crisis or innovation, happen more than our linear-thinking ever allowed for…but still we find it difficult to accept the implications of what science has shown us to be the case.

More fool us!

PLEASE take the time to read the article and watch the (short) explanatory videos: link below.

 

 

 

 

 

…intersections often represent answers. Solutions. States of equilibrium. In mathematical models of economies, or ecosystems, or other kinds of dynamical systems, intersections are where variables come to rest and settle down. In economic models, for example, the equilibrium price of an item is set by the intersection of supply and demand curves. If that intersection suddenly vanishes, the price has to jump.

via Dangerous Intersection – NYTimes.com.