Shocks in Stock – The Future of Our Democracies Depends on Our Ability to Absorb the Growing Number of Ruptures.

All these shocks seem to modify in depth the fundamental equilibrium of societies.

A feeling of incomprehension about economic developments seems to be increasingly shared by citizens around the world. We no longer understand a growing number of developments by resorting to traditional explanatory variables. If we break down the phenomena into the deterministic and random parts, the former seems to be regressing in favor of the latter…