Tuesday, April 20, 2010

BLACK SWAN FLIES INTO LONG CRISIS ?

Yesterday, I was reminded of Black Swan Theory - see www.fooledbyrandomness.com - and today hit upon a website called www.longcrisis.com Black Swan Events are unpredictable happenings which have an impact of great/wide magnitude, and whose occurrence and effects are later rationalised as predictable: the consequences of volcanic eruption(s) in Iceland serve to illustrate the theory very well. The forecast "Long Crisis" encompasses changes arising from increasing global connectivity, with particular reference to financial/economic systems, climate change and "peak oil" and the need to adjust to these environmental limits to growth. Political leadership will be a key factor in determining how societies like our own adjust to the challenges ahead, and this is precisely why Britain needs a very different kind of politics at the present time.

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