Conversation

We tend to be attuned to 1-2 aspects of a society — economy, entrepreneurial vitality, public civility, violence, courts, legislation, wars, healthcare, immigration, environment, corruption, minorities — that most interest us and assume if our bits is going well, things are fine.
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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
Replying to
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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