"The slippery slope" and "there are only two stable equilibria" are different versions of the same claim.
If you think in terms of optimization theory, this ought to be obvious. Picture the energy required to maintain the system as an inverse U. The system always returns to one end or the other. If a shock moves it far from the good equilibrium at one end, it will inexorably slide to the bad equilibirum unless some new shock reverses the first one.
"The slippery slope" and "there are only two stable equilibria" are different versions of the same claim.
If you think in terms of optimization theory, this ought to be obvious. Picture the energy required to maintain the system as an inverse U. The system always returns to one end or the other. If a shock moves it far from the good equilibrium at one end, it will inexorably slide to the bad equilibirum unless some new shock reverses the first one.