“We are locked into an unimaginably complex predicament and a system of dependency whose future seems at growing risk. To avoid catastrophe we must prepare for failure.
We are entering a time of great challenge and uncertainty, when the systems, ideas and stories that framed our lives in one world are torn apart, but before new stories and dependencies have had time to evolve. Our challenge is to let go, and go forth.
Our immediate concern is crisis and shock planning. It should now be clear that this is far more extensive than merely focusing on the financial system. It includes how we might move forward if a reversion to current conditions proves impossible. That is we also need transition planning and preparation. Even while subject to lock-in and the reflexivity trap, this will be most effective if it works from bottom-up as well as top-down.
Finally, neither wealth nor geography is a protection. Our evolved co-dependencies mean that we are all in this together.” – David Korowicz, Trade-Off: Financial System Supply-Chain Cross-Contagion: a study in global systemic collapse, published by The Foundation for the Economics of Sustainability (FEASTA)