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Welcome to the world of the polycrisis
Today disparate shocks interact so that the whole is worse than the sum of the parts.
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A partially dried-up river bed of the Gan River during a drought in Nanchang, China's Jiangxi province, in August.
PHOTO: REUTERS
Adam Tooze
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Pandemic, drought, floods, mega storms and wildfires, threats of a third world war – how rapidly we have become inured to the list of shocks. So much so that, from time to time, it is worth standing back to consider the sheer strangeness of our situation.
As former US Treasury secretary Lawrence Summers recently remarked: “This is the most complex, disparate and cross-cutting set of challenges that I can remember in the 40 years that I have been paying attention to such things.”
