The thing is, a society exists as the couplings of these things with various sorts of hedging/compensating dynamics keeping the assemblage in homeostatic equilibrium. Systemic risk lies in the potential for correlated worsening of ALL these things
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I’m getting this really unpleasant sense that we’re in the political equivalent of the LTCM situation when things supposed to be hedged against each other became correlated. In short, the fucked-upness of things is no longer i.i.d (independent and identically distributed)
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