The Sorrows of Egypt: A Tale of Two Men
Back to the Bazaar
Freedom and Justice in the Modern Middle East
Adrift on the Nile
The Limits of the Opposition in Egypt
Is El Baradei Egypt's Hero?
Mohamed El Baradei and the Chance for Reform
Morning in Tunisia
The Frustrations of the Arab World Boil Over
Letter From Cairo
The People's Military in Egypt?
The U.S.-Egyptian Breakup
Washington's Limited Options in Cairo
The Muslim Brotherhood After Mubarak
What the Brotherhood Is and How it Will Shape the Future
Egypt's Democratic Mirage
How Cairo’s Authoritarian Regime Is Adapting to Preserve Itself
Overcoming Fear and Anxiety in Tel Aviv
How Israel Can Turn Egypt's Unrest Into an Opportunity
Mubarakism Without Mubarak
Why Egypt’s Military Will Not Embrace Democracy
Postcolonial Time Disorder
Egypt and the Middle East, Stuck in the Past
Egypt's Constitutional Ghosts
Deciding the Terms of Cairo’s Democratic Transition
A Tunisian Solution for Egypt’s Military
Why Egypt's Military Will Not Be Able to Govern
The Fall of the Pharaoh
How Hosni Mubarak’s Reign Came to an End
The Black Swan of Cairo
How Suppressing Volatility Makes the World Less Predictable and More Dangerous
Green Movement 2.0?
How U.S. Support Could Lead the Opposition to Victory
Letter From Sana’a
Saleh on the Edge
Bahrain’s Shia Question
What the United States Gets Wrong About Sectarianism
Rage Comes to Baghdad
Will Iraq's Recent Protests Lead to Revolt?
The Sturdy House That Assad Built
Why Damascus Is Not Cairo
Rageless in Riyadh
Why the Al Saud Dynasty Will Remain
Syria's Assad No Longer in Vogue
What Everyone Got Wrong About Bashar al-Assad
Meanwhile in the Maghreb
Have Algeria and Morocco Avoided North Africa’s Unrest?
Bahrain's Base Politics
The Arab Spring and America’s Military Bases
Let Them Eat Bread
How Food Subsidies Prevent (and Provoke) Revolutions in the Middle East
Libya's Terra Incognita
Who and What Will Follow Qaddafi?
What Intervention Looks Like
How the West Can Aid the Libyan Rebels
The Folly of Protection
Is Intervention Against Qaddafi’s Regime Legal and Legitimate?
To the Shores of Tripoli
Why Operation Odyssey Dawn Should Not Stop At Benghazi
A New Lease on Life for Humanitarianism
How Operation Odyssey Dawn Will Revive RtoP
The Mythology of Intervention
Debating the Lessons of History in Libya
Flight of the Valkyries?
What Gender Does and Doesn’t Tell Us About Operation Odyssey Dawn
Winning Ugly in Libya
What the United States Should Learn From Its War in Kosovo
Demystifying the Arab Spring
Parsing the Differences Between Tunisia, Egypt, and Libya
Understanding the Revolutions of 2011
Weakness and Resilience in Middle Eastern Autocracies
The Heirs of Nasser
Who Will Benefit From the Second Arab Revolution?
The Rise of the Islamists
How Islamists Will Change Politics, and Vice Versa
Terrorism After the Revolutions
How Secular Uprisings Could Help (or Hurt) Jihadists
Why is surprise the permanent condition of the U.S. political and economic elite? In 2007-8, when the global ﬁnancial system imploded, the cry that no one could have seen this coming was heard everywhere, despite the existence of numerous analyses showing that a crisis was unavoidable. It is no surprise that one hears precisely the same response today regarding the current turmoil in the Middle East. The critical issue in both cases is the artiﬁcial suppression of volatility -- the ups and downs of life -- in the name of stability. It is both misguided and dangerous to push unobserved risks further into the statistical tails of the probability distribution of outcomes and allow these high-impact, low-probability "tail risks" to disappear from policymakers' ﬁelds of observation. What the world is witnessing in Tunisia, Egypt, and Libya is simply what happens when highly constrained systems explode.
Complex systems that have artificially suppressed volatility tend to become extremely fragile, while at the same time exhibiting no visible risks. In fact, they tend to be too calm and exhibit minimal variability as silent risks accumulate beneath the surface. 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 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. Indeed, the longer it takes for the blowup to occur, the worse the resulting harm in both economic and political systems.
Seeking to restrict variability seems to be good policy (who does not prefer stability to chaos?), so it is with very good intentions that policymakers unwittingly increase the risk of major
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