
Did the pandemic and the war in Ukraine just trigger the end of globalisation?
Gavin ChauLeave a comment
As I sat down to write today’s blog on this afternoon’s interest rate announcement, it occurred to me that how we got here was a case of the butterfly effect. The most popular use of the term came from the film Jurassic Park where Jeff Goldblum’s character was trying to explain chaos theory by saying “if a butterfly flaps its wings in Peking, you get rain instead of sunshine”. Quite frankly, I thought this was a terrible explanation, but the meaning is that everything that we’re witnessing now is an accumulation of the effects of everything that has come before it. Exactly like in any film that explores the physics of time travel.