Jamais Cascio: 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. And, as the early 21st century rolled along, resilience is what mattered, in our environment, in our societies, and increasingly in our economics.