WE ARE LIVING IN THE AGE OF POLYCRISIS - The 6 Effects 🧵

- @adam_tooze in his book, Shutdown, talks abt Polycrisis. 6 effects accentuates it into a Megacrisis:

1) Backflow
2) Convergence
3) Layering
4) Linkage
5) Magnifier
6) Induction

#crisis #energy #food #inflation
@adam_tooze A) Interaction with the West, in the form of an economic relation, had brought a backflow effect where western democratic ideals threaten Russia's own way of governance.
B) Political problems have become "biopolitical, geopolitical and geoeconomic" owing to the layering effect. The ideological has collided with the pragmatic (Converging effect).
C) The exodus of Ukrainians has Linked them with others like Palestinians and Kashmiris. While, the Russia-Ukrainian crisis is *Magnifying* into a global one spilling into an energy and food crisis.
D) Finally, calls for developing currency blocs, using Yuan and changing energy/trade flows have been possible due to the Induction effect, wherein other stakeholders, get encouragement.
E) - The image used is from the writers Chartbook (Substack) that I would urge everyone to read.
Link: lnkd.in/dTJSq3qC

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