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Although the stated intention of political leaders and economic policymakers is to stabilize the system by inhibiting fluctuations, the result tends to be the opposite.
These artificially constrained systems become prone to ‘Black Swans’ -- that is, they become extremely vulnerable to large-scale events that lie far from the statistical norm and were largely unpredictable to a given set of observers.” “Such environments” he continues, “eventually experience massive blowups, catching everyone off-guard and undoing years of stability or, in some cases, ending up far worse than they were in their initial volatile state.
In every state and region, the introduction of Democratic institutions will inevitably produce varied and unexpected outcomes.
Further, there always exists the possibility of “Democratic Paradox” — when democratic institutions and traditions choose to freely embrace something less than, or other than, democracy.
there was always the emergency escape-hatch of out-migration to the developed world, or at least, to a less chaotic world.
Today, for the people of Africa and others, this option has been severely restricted and effectively no longer exists. Paradoxically, the African continent’s revolt against colonial powers provided a centralizing common cause to which all Africans could rally and feel committed.
US: While the end result of the dramatic political transitions presently underway in the Middle East and Africa remains unclear, it is crucial to understand that these events have not occurred in a vacuum, and contrary to the belief of many, history did not begin yesterday.
All these occurrences, to one degree or another, are the result (intended or otherwise) of the convergent and cumulative manipulations of myriad domestic and extra-regional players, in frequently brutal pursuit of their individually perceived regional (and personal) interests.
Whereas a process of acculturation occurred in the Islamic areas (Islam completely replaced earlier religions), transculturation occurred in many of the European controlled areas as Christian beliefs blended and combined with existing tribal religions creating different, unique, Christian, or African-Christian, religions.As a Top Secret National Security Council (NSC) briefing put it in 1954, “the Near East is of great strategic, political, and economic importance,” as it “contains the greatest petroleum resources in the world” as well as “essential locations for strategic military bases in any world conflict.”Continued and in some cases increased foreign assistance following the September 11th attacks had the benefit of giving “the United States leverage on key foreign policy issues, since it can make assistance contingent on cooperation,” notes a recent RAND report.