I believe is that we can forecast the "changing landscape of context," and thus get insight into when we are entering the danger zone of an X-event.
John L. CastiTrying to solve the problem by creating more debt is analogous to trying to stop being an alcoholic by going on a bender down at the corner bar.
John L. CastiThe world is awash in more debt than there is money enough in the world to liquidate it.
John L. CastiTo function effectively, the system scientist must know a considerable amount about the natural world AND about mathematics, without being an expert in either field. This is clearly a prescription for career disaster in today's world of ultra-high specialization.
John L. CastiFrom the 1990s onward, the financial sector created a vast array of instruments designed to separate investors from their money, financial derivatives of an ever-increasing level of complexity. At some point, this complexity reached a point where even the creators of the derivatives themselves didn't understand them.
John L. Casti