Cascading Vulnerabilities: How Climate Change, Financial Bubbles, and Inequality Threaten Systemic Stability
Introduction: An Economic System on the Brink The global economy has entered a period of extreme vulnerability. Climate, geopolitical, financial, and social crises no longer occur in isolation; instead, they interact, reinforce one another, and generate unprecedented systemic risk. Since the 1970s, the dominance of neoclassical and neoliberal paradigms has profoundly restructured global economies. Systemic …