The Stability Myth: Why Efficiency May Be Creating More Risk
For decades, we have been sold the idea of stability. Study hard. Get qualifications. Find a secure job. Buy a house. Work for forty years. Retire comfortably. The promise sounds simple enough. Follow the rules and life should unfold in a predictable and orderly fashion. The problem is that history tells a very different story. The UK economy has never been truly stable. Neither has the global economy. Over the decades we have experienced booms, recessions, inflation crises, stock market crashes, banking failures, housing bubbles, energy shocks, wars, pandemics and political upheaval. The triggers may change, but the constant in all of this is the cycle which remains remarkably consistent. Yet despite this history, many of our institutions, businesses and even personal financial plans continue to operate as if stability is the norm rather than the exception. That assumption may be creating risks that are only now beginning to emerge. When Efficiency Becomes the Goal Recent h...