Global crises happening all at once re-inforce one another making the effects larger than any individual crisis alone. This polycrisis (originally coined by Edgar Morin), is an entanglement of events like pandemic, war, climate change, and inflation. For example, pandemic leads to inflation and greater political polarization giving rise to far-right movements and less action to address climate change, and so on.
See also:
- One of the interconnected factors of the polycrisis is globalization
- Zero interest rate policy (ZIRP) gives way to inflation creating an economic crisis
- Doughnut economic model
- Exacerbated by the fact that people are bad at long-term thinking