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kkennedy : jamaiscascio   3

One Model for a New World Economy
FTA: 'Resilience Economics: The trigger was a phrase we'd all become sick of: "Too Big to Fail." The phrase had moved quickly from sarcasm to cliché, but ended up as the pole star for what to avoid. Any economy that enabled the creation of institutions that were too big to fail -- that is, whose failure would threaten to collapse the system -- could never be thought of as resilient.'
economics  future  postcapitalism  jamaiscascio  transparency 
march 2009 by kkennedy

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