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Can you tell when a system is about to tip?
Simplifying Complexity
Is There a Stable Regime? And So What Is Metastability?
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A lot of these systems will have multiple regimes that they can inhabit so that's called metastability. So it's not completely locked in, but it's in this regime. It's more or less stable. And then with this image of a ball and a cup, you can have a whole bunch of different valleys. You don't know where they are. But if you get knocked out of one, the ball is going to roll down till it finds the bottom of the next valley and it'll stay there. Presumably the economy is another one of those valleys.
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