Tag Archives: ralph nader

Interviews with Russ Roberts @ EconTalk and Ralph Nader Radio Hour

Leave a reply

Nassim Nicholas Taleb on Rationality, Risk, and Skin in the Game
EconTalk Episode with Nassim Nicholas Taleb
Hosted by Russ Roberts

Nassim Nicholas Taleb, author of Skin in the Game, talks with EconTalk host Russ Roberts about the ideas in the book. This is the third episode of EconTalk with Taleb related to the general topic of skin in the game and how it affects decision-making and policy in an uncertain world. This episode focuses on rationality, religion, and the challenge of thinking about probability and risk correctly in a dynamic world.

 

Ralph Nader Radio Hour – Skin in the Game

 

Ralph Nader, Skin In The Game, Getting Caught, Is The Pope Atheist, Flaneur, Russia Bombs

Leave a reply

https://twitter.com/nntaleb/status/650648551182217216

https://twitter.com/nntaleb/status/650722365027033088

https://twitter.com/nntaleb/status/650986684180467712

https://twitter.com/nntaleb/status/651380873724579840

https://twitter.com/nntaleb/status/650308926014136320

https://twitter.com/nntaleb/status/649914746087567360

https://twitter.com/nntaleb/status/648899097697591297

https://twitter.com/nntaleb/status/649557077828988928

https://twitter.com/nntaleb/status/648566012942635008

https://twitter.com/nntaleb/status/648254210946002945

Completed Chapter on Stubborn Minority Rules: ByeBye toGMOs, explains spread of Islam, functioning of markets,etc. https://t.co/aqvZRfx0qN

— NassimNicholasTaleb (@nntaleb) October 4, 2015

Someone who regrets doing something wrong *after* being caught is mostly regretting having been caught.

— NassimNicholasTaleb (@nntaleb) October 4, 2015

Is the pope atheist? https://t.co/p38h1uKA8L

— NassimNicholasTaleb (@nntaleb) October 5, 2015

Could we end up with some anti-nonindependent Trump-Sanders alliance? @DavidBCollum

— NassimNicholasTaleb (@nntaleb) October 6, 2015

Now the NYT has caught on the idea of Flâneur: The Flâneur Discovers Paris, a Step at a Time http://t.co/kI0fr6yscc

— NassimNicholasTaleb (@nntaleb) October 3, 2015

The WSJ hates the Russians more than AlQaeda. The Russian bombed Al-Qaeda that WSJ describes as a “moderate” group. Despicable.

— NassimNicholasTaleb (@nntaleb) October 2, 2015

Thesis freely available in Saudi Arabia showing legal validity for acts of terrorism agnst minorities and infidels. https://t.co/TB4sEyjX1v

— NassimNicholasTaleb (@nntaleb) September 29, 2015

The dictatorship of the (stubborn) minority [those with Skin in the game] https://t.co/aqvZRfx0qN

— NassimNicholasTaleb (@nntaleb) October 1, 2015

Dedication of Skin In The Game pic.twitter.com/iHW87ds5sj

— NassimNicholasTaleb (@nntaleb) September 28, 2015

What we read leaves a permanent imprint somewhere inside of us; which is why reading nothing is much better than reading a bad book.

— NassimNicholasTaleb (@nntaleb) September 27, 2015

GMO Propagandists, Scotland GMOs, Aramaic-Syriac, Salafi Fundamentalism, Ralph Nader | Twitter @nntaleb

Leave a reply

https://twitter.com/nntaleb/status/630362989477109760

https://twitter.com/nntaleb/status/630442122466971648

https://twitter.com/nntaleb/status/629753648411754496

https://twitter.com/nntaleb/status/629964277802270720

https://twitter.com/nntaleb/status/629762524842446849

https://twitter.com/nntaleb/status/627857324439392256

How to engage Monsanto shills, version 2. pic.twitter.com/iHaffAKHst

— NassimNicholasTaleb (@nntaleb) August 9, 2015

Scotland invoking the Precautionary Principle for GMOs. Our paper arxiv.org/abs/1410…. theguardian.com/env…

— NassimNicholasTaleb (@nntaleb) August 9, 2015

Finally, after summer school, can communicate in the language of Christ (Aramaic-Syriac). Now back to probability. pic.twitter.com/yB1TATsA0l

— NassimNicholasTaleb (@nntaleb) August 7, 2015

The end of Salafi Fundamentalism is in sight. Saudi Arabia may go broke before the US oil industry buckles telegraph.co.uk/fin…

— NassimNicholasTaleb (@nntaleb) August 8, 2015

Only in America can a loner (@RalphNader alumni) on shoe-string budget bring down the titans of the State of Texas. nytimes.com/2015/08…

— NassimNicholasTaleb (@nntaleb) August 7, 2015

Mao of the INCERTO unedited draft dl.dropboxuserconten… pic.twitter.com/D81x6DAVYu

— NassimNicholasTaleb (@nntaleb) August 2, 2015

Having “Skin in the Game” | The Nader PageThe Nader Page

Leave a reply

This is what Taleb means when he says this type of “heads I win, tails you lose” privilege is possessed by executives. He adds that “this system is called ‘incentive-based’ and supposed to correspond to capitalism. Supposedly managers’ interests are aligned with those of the shareholders. What incentive? There is upside and no downside, no disincentive at all.” In short, “no skin in the game.”

Likewise, when Congress abdicated their constitutional war-declaring authority to President George W. Bush in 2003, members of Congress and their families had no skin in the game. These politicians who gave Bush the power to unlawfully invade Iraq paid no price. Indeed, they retained their upwardly mobile status. The White House with its mass propaganda machine and the cowardly Congress paid no penalties for violating the Constitution.

Had there been a law requiring the drafting of able-bodied, age-qualified members of their families whenever the government plunged the country into war, these legislators would have had a personal downside. There would have been deliberative public hearings, where some of the hundreds of vocal anti-war retired high military, national security and diplomatic officials would have exposed the Bush/Cheney lies, deceptions and cover-ups leading to catastrophe for the people of Iraq, the U.S. economy, and military families who especially suffered the downsides.

via Having “Skin in the Game” | The Nader PageThe Nader Page.
HatTip to @DaveMc9ee

Taleb 010311

Leave a reply

Shared by JohnH
HatTip to Dave Lull.

CORPORATE CRIME REPORTER

Taleb says that Ronald Reagan started it.

“This is why I get along with Ralph Nader,” Taleb says. “Nader was the
first to say that the difference between Republicans and Democrats is cosmetic.”

“It is Ronald Reagan who bailed out the banks in 1983 and started this whole process.”

Reagan of the Milton Friedman free market philosophy?

“Exactly,” Taleb said. “There is something about governments that will be susceptible
to the pressure of lobbyists to bailout the big corporations.”

“Had Reagan not bailed out Citibank in 1983, we would not be here.”

Where would we be?

“If the government didn’t bail out Detroit and the banks, we would have a
better Detroit and better banks. Smaller and more competitive companies.”

“People forget that much of the growth of companies came from debt building.”

“Small companies are the energetic ones. The energy and innovation comes from small
companies in California. And these companies neither go into debt nor do they
get bailed out.”

Okay, so government shouldn’t be bailing out the big banks.

But what about cracking down on corporate crime?

“If two adults want to speculate, they should be free to do so, conditional on society
not bailing them out,” Taleb says.

“The government should be there to enforce the rule of no socialization of losses.
You want to make sure the banks are never big enough to take these risks at
the expense of society.”

“The rule is as follows – if you want a bailout, you are under our regulation.
And we want you small. And we don’t want you to take speculative risks.
In other words, you are a utility. And you obey our rules.”

“If you are not to be bailed out, then you can do what you want, providing that
you don’t harm the public.”