NONLINEARITY FROM WEALTH
We can certainly attribute the fragilizing effect of modern globalization to complexity, and how connectivity and cultural contagions make gyrations in economic variables much more severe —the classical switch to Extremistan. But there is another effect: wealth. Wealth means more, and because of nonlinear scaling, more is different. We are prone to make more severe errors because we are simply, wealthier. Just as projects of one hundred million dollars are more unpredictable and more likely to incur overruns than five million dollar ones, simply, just by being richer, the world is troubled with more unpredictability and fragility. This comes with growth —at a country level this Highly Dreamed Of GDP Growth. Even at an individual level, wealth means more headaches; we may need to work harder at mitigating the complications arising from wealth than at acquiring it.

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