{"id":4994,"date":"2012-11-19T12:55:08","date_gmt":"2012-11-19T20:55:08","guid":{"rendered":"http:\/\/www.blackswanreport.com\/blog\/?p=4994"},"modified":"2012-11-19T12:55:08","modified_gmt":"2012-11-19T20:55:08","slug":"deep-thoughts-by-nassim-nicholas-taleb-ft-alphaville","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2012\/11\/deep-thoughts-by-nassim-nicholas-taleb-ft-alphaville\/","title":{"rendered":"Deep thoughts, by Nassim Nicholas Taleb | FT Alphaville"},"content":{"rendered":"
\n

Are you saying that capitalism is good, but that 21st-century capitalism has gone too far?<\/strong><\/p>\n

What we do today has nothing to do with capitalism or socialism. It is a crony type of system that transfers money to the coffers of bureaucrats. The largest \u201cfragiliser\u201d of society is a lack of skin in the game. If you are mayor of a small town, you are penalised for your mistakes because you are made accountable when you go to church. But we are witnessing the rise of a new class of inverse heroes \u2013 bureaucrats, bankers, and academics with too much power. They game the system while citizens pay the price. I want the entrepreneur to be respected, not the CEO of a company who has all the upsides and none of the downsides.<\/p>\n

Are those, errr, \u201cenemies\u201d? Or \u201cbad guys\u201d?<\/strong><\/p>\n

Whatever. Get serious:<\/p>\n

Can people apply antifragility to their lives?<\/strong><\/p>\n

In Africa, Asia and the Americas people head-load water \u2013 gyms don\u2019t stress your bones, nature does. People also don\u2019t talk about post-traumatic growth but some trauma is good for you. I also believe that people should go against academic education and focus instead on certification of skills. <\/p>\n<\/blockquote>\n

\n
\"Nassim Nassim N. Taleb<\/strong> \u200f@<\/s>nntaleb<\/strong> <\/a><\/div>\n<\/div>\n

@<\/s>FTAlphaville<\/strong><\/a> Thanks for posting, the derivations are here for those of you capable of going beyond verbiage. https:\/\/docs.google.com\/file\/d\/0B_31K_MP92hUNjljYjIyMzgtZTBmNS00MGMwLWIxNmQtYjMyNDFiYjY0MTJl\/edit?hl=en_GB\u00a0\u2026<\/a><\/p>\n

via Deep thoughts, by Nassim Nicholas Taleb [updated] | FT Alphaville<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Are you saying that capitalism is good, but that 21st-century capitalism has gone too far? What we do today has nothing to do with capitalism or socialism. It is a crony type of system that transfers money to the coffers of bureaucrats. The largest \u201cfragiliser\u201d of society is a lack of skin in the game. […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[484],"tags":[],"class_list":["post-4994","post","type-post","status-publish","format-standard","hentry","category-antifragile"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/4994","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=4994"}],"version-history":[{"count":4,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/4994\/revisions"}],"predecessor-version":[{"id":4998,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/4994\/revisions\/4998"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=4994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=4994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=4994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}