complex systems
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Aug 18, 2021 by Niall Ferguson · across every show →
Everything said about complex systems, oldest first
Aug 18, 2021
Ferguson: Civilizations do not decline gradually; they collapse suddenly
“The real pattern in history is not rise to zenith and then gradual decline. It's quite different from that. A complex system can have a very rough patch, then it can stabilize, it can seem to be in equilibrium, And then it can fall apart very suddenly.”