Complicated and complex…

From Joseppi. “Complicated” and “complex” differ: with complicated systems – such as in the case the oft-mentioned Swiss Watch – once you figure them out, your understanding of their workings will remain valid over time, and the experience of confusion and uncertainty will disappear. In contrast, complex systems are in a continuous process of co-adaptation, […]

Joseppi’s column. (He’s a card-carrying columnist, you know.)

“The wealthiest 5 percent of American households held 54 percent of all wealth reported in the 1989 survey. Their share rose to 61 percent in 2010 and reached 63 percent in 2013; “The lower half of households by wealth, held just 3 percent of wealth in 1989 and only 1 percent in 2013. To put […]