TED Talks Daily Why we ignore obvious problems -- and how to act on them | Michele Wucker
May 1, 2019
Michele Wucker, a policy strategist and author renowned for her insights into predictable crises, discusses our tendency to overlook glaring problems like climate change and financial crises. She introduces the concept of the 'gray rhino,' emphasizing that these are preventable threats we often ignore. Wucker contrasts it with the notion of 'black swans,' shedding light on how societal attitudes shape our response to risks. She advocates for embracing vulnerability and proactive action to avert these predictable dangers.
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2008 Financial Crisis
- Michele Wucker uses the 2008 financial crisis as an example of a "gray rhino" event.
- Many experts, like Alan Greenspan, claimed the crisis was unpredictable, yet clear warning signs existed.
Gray Rhino Metaphor
- The "black swan" myth promotes a sense of helplessness, leading to inaction.
- Wucker's "gray rhino" metaphor highlights predictable, yet neglected, threats.
Another Financial Crisis?
- Wucker identifies another potential financial crisis as a current "gray rhino."
- While discussions in China acknowledge this risk, conversations in the U.S. seem overly optimistic.