Magazine article Risk Management

Societal Systems and Risk Communication

Magazine article Risk Management

Societal Systems and Risk Communication

Article excerpt

The dialogue about risk in society can be seen as revolving around four essential groups or subsystems, each with its own view on risks, said Dr. Mattias Haller, professor of risk management at the Graduate School of St. Gallen in St. Gallen, Switzerland, at a recent symposium given by Risk Management Reports to celebrate the publication's 20th anniversary. The respective groups in society have their own approach to risk: The industrialists argue that all industrial progress involves risk; the alternative groups (such as environmental groups) admit their fears about risk; the media argue that they as the public's representatives have to report on the risk, and the politicians have to take actions about the risk in order to get elected.

Yet when it comes to risk, there is currently a system collapse due to the fact that the systems have grown too big or interdependent, Dr. Haller said, as well as the realization that the limit of insurability has been reached. Eventually all of society winds up paying the high-priced tab for catastrophes. …

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