Sublime

An open world is a more prosperous world, but it is also a world in which both individuals and businesses must be better protected against critical risks. In the thalassocratic paradigm, instead of folding in on themselves, countries must continue to defend free trade but with its complement: a Great Safety Net 2.0 that is in sync with today’s econ

the federal government is starting to open up its contracting process to make it easier for lean, innovative tech companies to compete.

The best option, indeed, is the combination that links an openness to free trade with covering individuals against the adverse consequences of exposure to the violent winds of the global market. As Dani Rodrik remarked in 1998, “government

Yet those choices are by no means independent of one another: each individual’s opportunities, and hence choices, depend to a large extent on the choices made by other people. So to understand how a market economy behaves, we have to examine this interaction in which my choices affect your choices, and vice versa.

The economy is not a closed static equilibrium system; it is a system perpetually open to novel behavior, and complexity economics forces us to keep this in mind.

So let’s restore sense from the outset and recognise that, far from being a closed, circular loop, the economy is an open system with constant inflows and outflows of matter and energy. The economy depends upon Earth as a source – extracting finite resources like oil, clay, cobalt and copper, and harvesting renewable ones like timber, crops, fish a