Bank Failures & The Permacrisis | Special Edition with John Robb
Mar 13, 2023
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Discussing recent bank failures in Silicon Valley, John Robb explores managing crises in a networked world, the complexities of perma crises, and the role of tribal affiliations in decision-making.
During crises, rapid contagion scenarios can overwhelm traditional frameworks, leading to misinformation.
Tribal biases impact interpretation of information, hindering open-mindedness and contributing to conflicts.
Deep dives
Navigating Information During a Crisis
During crises, the spread of information can be chaotic, often leading to misunderstandings and confusion. Planning for crises has traditionally been based on slow information releases, but rapid contagion scenarios can overwhelm existing frameworks. Established players may focus on controlling narratives rather than adapting to evolving situations, leading to misinformation and stale narratives.
Identifying and Addressing Tribal Biases
Tribal biases can significantly impact how individuals interpret and react to information. Recognizing when tribal biases are at play involves examining motives and moral judgments placed on others. Making assumptions about the intentions of others based on tribal affiliations can hinder clear and rational decision-making, contributing to misinterpretations and conflicts.
Challenges of Communication and Tribalism
Communication challenges arise when tribal affiliations influence perceptions and discussions, hindering open-mindedness and constructive dialogue. Tribalism can lead to polarization, making it difficult to engage in meaningful conversations across differing viewpoints. Overcoming tribal biases requires a conscious effort to evaluate information objectively and resist the pressures of group conformity.