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There's another hook that is reverberating the airwaves and causing crisis and alarm: the declining significance of institutional religion in America.
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A risk is the potential to cause crisis, an emergency, a disaster and/or a catastrophe.
In the 1990s that dynamic caused crises.
Financing instability does not just cause crises, it also forces bailouts.
"That's what caused crises to be worse than they needed to be".
Yet it's very important to note that low productivity growth alone does not cause crises.
More vigilance makes the world a safer place; as the Financial Times put it, "risky assets do not cause crises.
Low productivity might not cause crises or soaring unemployment, but depressions are very good at doing so.
It's not always clear what causes crises, whether they can be avoided and how their impact can be reduced.
Furthermore, increasing environmental problems which TMA causes and the insufficiency of normal science coping with the global environmental problems cause crises and results with anomalousness.
Whenever it caused crises in the past, our government had to come to the rescue.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com