I’m giving my “2009 Q1 award for most concise, lucid comment” to Paul Phillips for this gem:
Viewed from a thousand miles, the financial system has a incalculably large incentive to fail catastrophically as frequently as it can do so without killing the goose that lays the golden eggs.
As long as there is such a thing as “too big to fail” and trillions of dollars are available for siphoning, according to what logic can this cycle be dampened? Nobody has to explicitly pursue this outcome (although there are many who will) for it to be inevitable; the system obeys its own logic above all else.
[ commenting on Alfred Hubler on Stabilizing CAS ]
[ I’m asking for your help in answering this question, read past the fold to see how ]
In my post on invisible etiology, I challenged us all to be as open-minded as possible when dealing with our most complex problems, for this is the only way to make the invisible become visible. Here’s where I attempt to practice what I preach.…
[ This is an edited version of a blog comment on Brandon Kein’s Wired Science post here ]
The question of whether we will “break through” to a superorganism or collapse through any number of spiraling cascades or catastrophic events is the subject of Ervin Laszlo’s book, The Chaos Point, which I highly recommend. In it, he gives a sweeping view of the complex evolutionary dynamic (focusing on human society), and makes a solid argument that we are at an inflection point in history right now, similar to the “saltation” that begat multicellularity.…