THE ROLE OF SHOCKS
It is a great truth that real change only ever comes out of crisis. This is the way of evolution, which impacts all living organisms, at all levels of being and understanding. A new item of information – a shock – sends fluctuations deep into a system and the subsequent feedback becomes increasingly destabilising until the system flips into a different state. Unfortunately, the crisis is inevitably painful for all concerned. This is the path of change that involves such diverse events as wars, revolutions, stock market crashes, mental breakdowns and physical diseases.
In my opinion, the 2008 financial panic and subsequent recession was just such a shock. It will undoubtedly lead to changes – both to the economy ...