The crisis convergence is an expression which refers to the multiplicity of crisis in different domains:
– Economic: decrease in economic activity, threat of recession,
– Financial: subprimes crisis, « debt crisis » and the fear of payment default, the risk of collapse of the financial system, etc.
– Social: massive unemployment, precarization, rising inequality…
– Alimentary: food riots, alimentary speculation;
– Ecological: climate change, unsustainability of our way of life…
– Energy: peak oil, fossil energy scarcity, overconsumption…
– and also a trust crisis concerning our institutions and politics in general, but also concerning the media, and with the risk of local solidarity disintegration, etc.
It represents the idea according to which crisis, mainly considered before as independent and cyclical phenomena, are nowadays becoming more and more permanent and coexisting on multiple aspects (economic, financial, social, ecological, etc.) and that they are also part of each other.
Face to this convergence, the actors must formulate more and more transverse solutions. The crisis convergence appeals to global and concerted efforts face to a collective and planetary urgency.
This notion points out an alarming state of the world, where ecological debt is combined with a social and financial crisis. But this report also constitutes a major challenge for world governance. Indeed, taking into account crisis convergence is a way to renew the ways of thinking about the development of our societies. Thus, the crisis convergence is corresponding with a necessity of a holistic convergence in the approaches and the look for alternatives.