What's
America's Fragility Score?
There is a certain logic to the idea that stability is
a good predictor for future stability: if a nation's economy
and governance are stable and devoid of disorder, this trajectory of stability
will be durable, right?
Well, actually, no. Nassim Nicholas Taleb
and co-author Gregory F. Treverton argue in their essay The
Calm Before the Storm: Why Volatility Signals Stability and Vice Versathat "the best
indicator of a country’s future stability is not past stability but moderate
volatility in the relatively recent past."
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