Quick Summary
• Resilience is starting to feel like the only economic metric that matters, which is noteworthy, for one, because there is no defined metric that I know of that actually measures...
Additional Context
Resilience is starting to feel like the only economic metric that matters, which is noteworthy, for one, because there is no defined metric that I know of that actually measures resilience. But there are plenty of measurements that can serve as indicators of a lack of/threat to resilience.
Energy prices that seem to spike out of nowhere are an excellent example of that, though not the only example. Water scarcity is another example: again, though, not the only other example. While there are countless such examples that the world is currently facing simultaneously, they all essentially revolve around the fact that demand is in one area of the world, and supply is somewhere else, often very far away.
The US Energy Secretary, Chris Wright, formerly a CEO of a fracking company, recently told