The Geography of Crisis

11 min. 12 sec.

The Geography of Crisis

Earthquakes share similar qualities with our financial crises by producing aftershocks. ‘Crisis’ has become stationary. A financial crisis feels like a natural crisis, something which is inevitable. Crisis has turned into a means to stabilize a conservative policy.

The voice of an economic model developer, estimating and monitoring the behavior of economic actors to prevent future crashes, talks over images of business students in a Seoul University playing American Football. In American Football you play in formation, but to be able to score you ought to be inventive and risk taking. The financial market should also always be unstable to a certain extend.

How can we think beyond the idea of crisis as an inevitable event, to be able to explore new policies for the market, instead of just maintaining them?