Systems Fragility

The Open Markets team has long been the leader in America in highlighting the ways in which concentration of production capacity can make industrial, financial, and information systems subject to catastrophic crashes. Our body of work – and that of our allies – provides the most complete and rich analysis of the nature of the economic, political, and social risks posed by the fragility of these systems.

Systemic Supply Chain Risk

Date Published: March 14, 2020

This is the first article in which an engineer recognized the systemic nature of international production arrangements, and the potential for cascading crashes.

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War, Trade, and Utopia

Date Published: March 14, 2020

A straightforward discussion of the politics of industrial interdependence and dependence, in a system marked by extreme concentrations of industrial capacity.

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Shock Treatment: Building Resilient International Industrial Systems in 2030

Date Published: March 14, 2020

The “globalization” of industry and commerce, we are often told, is the surest path to universal peace and prosperity. If so, this would mean the world should be a far safer and richer place than two decades ago, when world leaders largely unleashed the business corporation to operate across national borders. Yet the “global” systems of industry and finance built by the masters of these institutions are increasingly the source of both political conflict and economic disruption.

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In America today, wealth and political power are more concentrated than at any point in our country’s history.

The Open Markets Institute, formerly the Open Markets program at New America, was founded to protect liberty and democracy from these extreme -- and growing -- concentrations of private power.

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