Simply put, fragility is aversion to disorder. Things that are - TopicsExpress



          

Simply put, fragility is aversion to disorder. Things that are fragile do not like variability, volatility, stress, chaos, and random events, which cause them to either gain little or suffer, write Nassim Nicholas Taleb & Gregory Treverton, adding, For countries, fragility has five principal sources: a centralized governing system, an undiversified economy, excessive debt and leverage, a lack of political variability, and no history of surviving past shocks. Applying these criteria, the world map looks a lot different. Disorderly regimes come out as safer bets than commonly thought—and seemingly placid states turn out to be ticking time bombs... The lesson: decentralize, diversify, cut debt, allow for political competition & change... foreignaffairs/articles/142494/nassim-nicholas-taleb-and-gregory-f-treverton%E2%80%A8/the-calm-before-the-storm?sp_mid=47666123&sp_rid=ZG1pY2hhZWxob2xsYW5kQGdtYWlsLmNvbQS2
Posted on: Fri, 02 Jan 2015 19:26:29 +0000

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