{"id":17,"date":"2009-11-04T12:04:08","date_gmt":"2009-11-04T20:04:08","guid":{"rendered":"tag:google.com,2005:reader\/item\/89bf237fd9aa49b0"},"modified":"2009-11-04T12:04:08","modified_gmt":"2009-11-04T20:04:08","slug":"taleb-says-governments-should-let-firms-%e2%80%98creatively-destruct%e2%80%99-bloomberg-com","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2009\/11\/taleb-says-governments-should-let-firms-%e2%80%98creatively-destruct%e2%80%99-bloomberg-com\/","title":{"rendered":"Taleb Says Governments Should Let Firms \u2018Creatively Destruct\u2019 &#8211; Bloomberg.com"},"content":{"rendered":"<blockquote><p>Shared by  JohnH<br \/>\n<br \/>\nLinks above to full article.<\/p><\/blockquote>\n<p>Companies that become too big,complicated and debt-ridden should be allowed to \u201ccreativelydestruct,\u201d said <a href=\"http:\/\/search.bloomberg.com\/search?q=Nassim+Nicholas+Taleb&amp;site=wnews&amp;client=wnews&amp;proxystylesheet=wnews&amp;output=xml_no_dtd&amp;ie=UTF-8&amp;oe=UTF-8&amp;filter=p&amp;getfields=wnnis&amp;sort=date:D:S:d1\">Nassim Nicholas Taleb<\/a>, author of \u201cThe BlackSwan.\u201d     <\/p>\n<p>Governments shouldn\u2019t rescue firms that become too big tofail because that rewards incompetent actions and adds todeficits, Taleb said yesterday. When regulators become involvedin the financial system, they tend to protect the largestbusinesses, he said.     <\/p>\n<p>\u201cWhy is it on land you don\u2019t have an animal bigger than anelephant?\u201d Taleb asked at the <a href=\"http:\/\/www.aspeninstitute.org\">Aspen Institute\u2019s<\/a> \u201cCapitalismand the Future\u201d forum at the New York Public Library. \u201cBecauseMother Nature knows it\u2019s too big to fail.\u201d     <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shared by  JohnH <\/p>\n<p>Links above to full article.<br \/>\nCompanies that become too big,complicated and debt-ridden should be allowed to \u201ccreativelydestruct,\u201d said Nassim Nicholas Taleb, author of \u201cThe BlackSwan.\u201d            Governments shouldn\u2019t rescu&#8230;<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-17","post","type-post","status-publish","format-standard","hentry","category-feeds"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/17","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/comments?post=17"}],"version-history":[{"count":0,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/17\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=17"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=17"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=17"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}