Friday, 27 February, 2015 Leave a comment
A timely reminder and some useful, supplementary, information! Don’t be deceived… https://www.youtube.com/watch?v=c7E9SUwlooE
I recently wrote “” and have been boring regular readers about complexity and the threat of excessive complexity, particularly when the inter-connections are “closely coupled” (see below). Amongst others, the World Economic Forum have attempted to highlight the issues.
Financially “influential” firms SHOULD BE, as they have historically been, sources of “systemic resilience”. Instead, in a turbulent, debt-laden, global economy they can, effectively, act as “superspreaders”…hubs of systemic risk:
AS PROTESTS against financial power sweep the world this week, science may have confirmed the protesters’ worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.
The study’s assumptions have attracted some criticism, but complex systems analysts contacted by New Scientist say it is a unique effort to untangle control in the global economy. Pushing the analysis further, they say, could help…
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