"When collapse happens, it’s not linear and neat. "

With the collapse of the financial system, and subsequent government rescue, we understand what happens when complex systems collapse.  As we enter the second “food crisis” in three years, alleviated only by the greatest economic contraction since the great depression, we would be wise to learn some critical lessons from the financial collapse: When collapse happens, it’s not linear and neat.  It expands through the interconnections of the complex system in ways that are difficult to anticipate and impossible to manage.

This was written by by former JPMorgan Managing Director John Fullerton from The Capital Institute as a reflection from his participation at a US department of Agriculture Conference.  A short piece worth reading.