--- title: "Meaning & Key Takeaway of: The globally constituted accident can be…" description: "\"The globally constituted accident can be compared to what people who work at the stock exchange call 'systemic risk'.\" — Paul Virilio" image: "https://sms4smile.com/quotes/i/b68/paul-virilio-2130_accidents_the-globally-constituted-accident-can-be_3081863.png" --- # The globally constituted accident can be compared to what… ![“The globally constituted accident can be compared to what people who work at the stock exchange call 'systemic risk'.” quote by Paul Virilio](https://sms4smile.com/quotes/i/b68/paul-virilio-2130_accidents_the-globally-constituted-accident-can-be_3081863.png) [Download](https://sms4smile.com/quotes/i/b68/paul-virilio-2130_accidents_the-globally-constituted-accident-can-be_3081863.png) [Open image](https://sms4smile.com/quotes/i/b68/paul-virilio-2130_accidents_the-globally-constituted-accident-can-be_3081863.png) > “The globally constituted accident can be compared to what people who work at the stock exchange call 'systemic risk'.” [Paul Virilio](https://sms4smile.com/quotes/author/paul-virilio/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Systemic risk is an inherent, interconnected danger in complex systems, similar to accidents that arise from the whole structure. **In simple terms:** Large systems have hidden, shared dangers. Key Takeaway Identify and mitigate shared vulnerabilities. Themes risk systems interdependence Mood analytical cautious Type theoretical warning When to use this quote - financial markets - infrastructure - technology networks Key Concepts systemic risk complexity Questions to Reflect On - What hidden interdependencies could threaten your organization? - How can you monitor systemic health proactively? A Different Perspective Risk can be hard to predict and may be ignored until a crisis. ★ ★ ★ ★ ★ No ratings yet [Accident Compared](https://sms4smile.com/quotes/about/accident-compared-5260908/) [Accidents](https://sms4smile.com/quotes/about/accidents/) [Constituted Accident](https://sms4smile.com/quotes/about/constituted-accident-5039404/) [Customer](https://sms4smile.com/quotes/about/customer/) [Exchange Systemic](https://sms4smile.com/quotes/about/exchange-systemic-5260907/) [Investing](https://sms4smile.com/quotes/about/investing/) [People](https://sms4smile.com/quotes/about/people/) [Risk](https://sms4smile.com/quotes/about/risk/) [Stock exchange](https://sms4smile.com/quotes/about/stock-exchange/) [Systemic](https://sms4smile.com/quotes/about/systemic/) [Systemic Risk](https://sms4smile.com/quotes/about/systemic-risk-374394/) ## Related quotes > [The information bomb gives rise to the integral and globally constituted accident.](https://sms4smile.com/quotes/paul-virilio/the-information-bomb-gives-rise-to-the-integral-and-globally/) [Paul Virilio](https://sms4smile.com/quotes/author/paul-virilio/) > [When it comes to policies of central bankers, the biggest systemic risk we have... are those policies.](https://sms4smile.com/quotes/rick-santelli/when-it-comes-to-policies-of-central-bankers-the-biggest-systemic/) [Rick Santelli](https://sms4smile.com/quotes/author/rick-santelli/) > [In the future, financial firms of any type whose failure would pose a systemic risk must accept especially close regulatory scrutiny of their risk-taking.](https://sms4smile.com/quotes/ben-bernanke/in-the-future-financial-firms-of-any-type-whose-failure-would-pose-a/) [Ben Bernanke](https://sms4smile.com/quotes/author/ben-bernanke/) > [What we've underestimated is the systemic risk that that very finely tuned system of specialization exposes us to. And so I think we will…](https://sms4smile.com/quotes/paul-romer/what-we-ve-underestimated-is-the-systemic-risk-that-that-very-finely/) [Paul Romer](https://sms4smile.com/quotes/author/paul-romer/) > [Unfortunately, tools that transfer risk can also increase systemic risk if major counterparties fail to manage their own risk exposures properly.](https://sms4smile.com/quotes/blythe-masters/unfortunately-tools-that-transfer-risk-can-also-increase-systemic/) [Blythe Masters](https://sms4smile.com/quotes/author/blythe-masters/) > [We have already seen some instances of systemic risk in recent times in the Asian financial crisis. But what sparked off the Asian financial…](https://sms4smile.com/quotes/paul-virilio/we-have-already-seen-some-instances-of-systemic-risk-in-recent-times/) [Paul Virilio](https://sms4smile.com/quotes/author/paul-virilio/) > [“To enable lending to proceed when the IMF’s sustainability criteria were not met, its bureaucrats designed the “systemic risk waiver.” It was a model…](https://sms4smile.com/quotes/michael-hudson/to-enable-lending-to-proceed-when-the-imf-s-sustainability-criteria/) [Michael Hudson](https://sms4smile.com/quotes/author/michael-hudson/) > [The Obama administration's plan is to have the Federal Reserve regulate banks that might pose a 'systemic risk' if they were to fail.](https://sms4smile.com/quotes/thomas-frank/the-obama-administration-s-plan-is-to-have-the-federal-reserve/) [Thomas Frank](https://sms4smile.com/quotes/author/thomas-frank/) > [My preference is for the Federal Reserve to be the systemic risk regulator, because the responsibility for identifying and limiting potential problems is a…](https://sms4smile.com/quotes/henry-paulson/my-preference-is-for-the-federal-reserve-to-be-the-systemic-risk/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [As boom- and bust-prone as high finance always has been and remains, the greatest systemic risk to our economy is not Wall Street. 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The immediate tasks would be to break up large banks and ban most derivatives.…](https://sms4smile.com/quotes/james-rickards/the-solutions-to-this-systemic-risk-overhang-are-surprisingly/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [A single agency responsible for systemic risk would be accountable in a way that no regulator was in the run-up to the 2008 crisis.…](https://sms4smile.com/quotes/henry-paulson/a-single-agency-responsible-for-systemic-risk-would-be-accountable-in/) [Henry Paulson](https://sms4smile.com/quotes/author/henry-paulson/) > [We now have power under the Dodd-Frank legislation to break up banks. And I've said I will use that power if they pose a…](https://sms4smile.com/quotes/hillary-clinton/we-now-have-power-under-the-dodd-frank-legislation-to-break-up-banks/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) ## More by Paul Virilio > [“It is, in fact, impossible clearly to distinguish economic war from information war, since each involves the same hegemonic ambition of making commercial and…](https://sms4smile.com/quotes/paul-virilio/it-is-in-fact-impossible-clearly-to-distinguish-economic-war-from/) [Paul Virilio](https://sms4smile.com/quotes/author/paul-virilio/) > [There is a French expression that says: to be exposed to an accident, to cross a street without looking at the cars means exposing…](https://sms4smile.com/quotes/paul-virilio/there-is-a-french-expression-that-says-to-be-exposed-to-an-accident/) [Paul Virilio](https://sms4smile.com/quotes/author/paul-virilio/) > [There cannot be an animal body without a territorial body: three bodies are grafted over each other: the territorial body - the planet, the…](https://sms4smile.com/quotes/paul-virilio/there-cannot-be-an-animal-body-without-a-territorial-body-three/) [Paul Virilio](https://sms4smile.com/quotes/author/paul-virilio/) > [... the blinding Hiroshima flash... literally photographed the shadow cast by beings and things, so that every surface immediately became war's recording surface, its film.](https://sms4smile.com/quotes/paul-virilio/the-blinding-hiroshima-flash-literally-photographed-the-shadow-cast/) [Paul Virilio](https://sms4smile.com/quotes/author/paul-virilio/) > [GPS not only played a large and delocalizing role in the war in Kosovo but is increasingly playing a role in social life.](https://sms4smile.com/quotes/paul-virilio/gps-not-only-played-a-large-and-delocalizing-role-in-the-war-in/) [Paul Virilio](https://sms4smile.com/quotes/author/paul-virilio/) > [The Gulf War may not have occurred in the actual global space, but it did occur in global time. And this thanks to CNN…](https://sms4smile.com/quotes/paul-virilio/the-gulf-war-may-not-have-occurred-in-the-actual-global-space-but-it/) [Paul Virilio](https://sms4smile.com/quotes/author/paul-virilio/) > [The cinema was certainly an art, but television can't be, because it is the museum of accidents. In other words, its art is to…](https://sms4smile.com/quotes/paul-virilio/the-cinema-was-certainly-an-art-but-television-can-t-be-because-it-is/) [Paul Virilio](https://sms4smile.com/quotes/author/paul-virilio/) > [What happened in Kosovo was the exact reversal of what happened in 'Fortress Europe' in 1943-45. Let me explain. Air Marshall 'Bomber' Harris used…](https://sms4smile.com/quotes/paul-virilio/what-happened-in-kosovo-was-the-exact-reversal-of-what-happened-in/) [Paul Virilio](https://sms4smile.com/quotes/author/paul-virilio/) > [The technologies of virtual reality are attempting to make us see from beneath, from inside, from behind... as if we were God.](https://sms4smile.com/quotes/paul-virilio/the-technologies-of-virtual-reality-are-attempting-to-make-us-see/) [Paul Virilio](https://sms4smile.com/quotes/author/paul-virilio/) > [There are eyes everywhere. No blind spot left. What shall we dream of when everything becomes visible? We'll dream of being blind.](https://sms4smile.com/quotes/paul-virilio/there-are-eyes-everywhere-no-blind-spot-left-what-shall-we-dream-of/) [Paul Virilio](https://sms4smile.com/quotes/author/paul-virilio/) > [I am of course thinking here about new planes such as the Sukhois. There is very little discussion about such developments but, for me,…](https://sms4smile.com/quotes/paul-virilio/i-am-of-course-thinking-here-about-new-planes-such-as-the-sukhois/) [Paul Virilio](https://sms4smile.com/quotes/author/paul-virilio/) > [Moreover, I would like to say that the sort of polar inertia we witnessed in the Kosovo War, the polar inertia involving 'automated war'…](https://sms4smile.com/quotes/paul-virilio/moreover-i-would-like-to-say-that-the-sort-of-polar-inertia-we/) [Paul Virilio](https://sms4smile.com/quotes/author/paul-virilio/) > [How can we live if there is no more here and everything is now?](https://sms4smile.com/quotes/paul-virilio/how-can-we-live-if-there-is-no-more-here-and-everything-is-now/) [Paul Virilio](https://sms4smile.com/quotes/author/paul-virilio/) > [The simulator is the stage in-between television and virtual reality, a moment, a phase. The simulator is a moment that leads to cyberspace, that…](https://sms4smile.com/quotes/paul-virilio/the-simulator-is-the-stage-in-between-television-and-virtual-reality/) [Paul Virilio](https://sms4smile.com/quotes/author/paul-virilio/) > [These new technologies try to make virtual reality more powerful than actual reality, which is the true accident. The day when virtual reality becomes…](https://sms4smile.com/quotes/paul-virilio/these-new-technologies-try-to-make-virtual-reality-more-powerful-than/) [Paul Virilio](https://sms4smile.com/quotes/author/paul-virilio/) [Explore all 181 Paul Virilio quotes ](https://sms4smile.com/quotes/author/paul-virilio/) ## More Accidents quotes > [Almost all accidents take place because of human distraction.](https://sms4smile.com/quotes/sebastian-thrun/almost-all-accidents-take-place-because-of-human-distraction/) [Sebastian Thrun](https://sms4smile.com/quotes/author/sebastian-thrun/) > [It was no accident, no coincidence, that the seasons came round and round year after year. 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You can have good things happen, on occasion, by accident that can be…](https://sms4smile.com/quotes/gordon-willis/good-films-are-not-made-by-accident-nor-is-good-photography-you-can/) [Gordon Willis](https://sms4smile.com/quotes/author/gordon-willis/) > [By education I am an Englishman, by views an internationalist, by culture a Muslim and a Hindu only by accident of birth.](https://sms4smile.com/quotes/jawaharlal-nehru/by-education-i-am-an-englishman-by-views-an-internationalist-by/) [Jawaharlal Nehru](https://sms4smile.com/quotes/author/jawaharlal-nehru/) > [I made out with a homeless guy by accident. I had no idea -- he was really tan, he had no shoes on. I…](https://sms4smile.com/quotes/amy-schumer/i-made-out-with-a-homeless-guy-by-accident-i-had-no-idea-he-was/) [Amy Schumer](https://sms4smile.com/quotes/author/amy-schumer/) > [Naturally I feel no shame in writing these things because of the time which separates the moment when they are written--when only I can…](https://sms4smile.com/quotes/annie-ernaux/naturally-i-feel-no-shame-in-writing-these-things-because-of-the-time/) [Annie Ernaux](https://sms4smile.com/quotes/author/annie-ernaux/) > [In a city where you walk around, it's impossible to plan your day and your life as accidents will happen, you'll overhear things, bump…](https://sms4smile.com/quotes/jason-schwartzman/in-a-city-where-you-walk-around-it-s-impossible-to-plan-your-day-and/) [Jason Schwartzman](https://sms4smile.com/quotes/author/jason-schwartzman/) > [I don't think it's by accident that I was first attracted to translating two French women poets.](https://sms4smile.com/quotes/marilyn-hacker/i-don-t-think-it-s-by-accident-that-i-was-first-attracted-to/) [Marilyn Hacker](https://sms4smile.com/quotes/author/marilyn-hacker/) > [Despite my mentors advice that I would never go to heaven fishing with a weighted nymph and a float, I took it up. 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