{"id":9111,"date":"2020-03-28T13:36:22","date_gmt":"2020-03-28T20:36:22","guid":{"rendered":"https:\/\/www.blackswanreport.com\/blog\/?p=9111"},"modified":"2020-03-28T13:36:22","modified_gmt":"2020-03-28T20:36:22","slug":"the-uks-coronavirus-policy-corporate-socialism","status":"publish","type":"post","link":"https:\/\/www.blackswanreport.com\/blog\/2020\/03\/the-uks-coronavirus-policy-corporate-socialism\/","title":{"rendered":"The UK&#8217;s Coronavirus Policy \/ Corporate Socialism"},"content":{"rendered":"<p><a href=\"https:\/\/www.theguardian.com\/commentisfree\/2020\/mar\/25\/uk-coronavirus-policy-scientific-dominic-cummings\" target=\"_blank\" rel=\"noopener noreferrer\">The UK&#8217;s coronavirus policy may sound scientific. It isn&#8217;t<\/a>\u00a0 (The Guardian)<br \/>\nNassim Nicholas Taleb and Yaneer Bar-Yam<br \/>\nWed 25 Mar 2020<\/p>\n<blockquote><p>Our research did not use any complicated model with a vast number of variables, no more than someone watching an avalanche heading in their direction calls for complicated statistical models to see if they need to get out of the way.<\/p><\/blockquote>\n<p><a href=\"https:\/\/medium.com\/incerto\/corporate-socialism-the-government-is-bailing-out-investors-managers-not-you-3b31a67bff4a\" target=\"_blank\" rel=\"noopener noreferrer\">Corporate Socialism: The Government is Bailing Out Investors &amp; Managers Not You<\/a> (Medium)<br \/>\nNassim Nicholas Taleb with Mark Spitznagel<br \/>\nMar 25, 2020<\/p>\n<blockquote><p>Why should we spend taxpayer money to bailout companies who spent their cash (and often even borrowed to generate that cash) to buy their own stock (so the CEO gets optionality), instead of building a rainy day buffer? Such bailouts punish those who acted conservatively and harms them in the long run, favoring the fool and the rent-seeker.<\/p><\/blockquote>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK&#8217;s coronavirus policy may sound scientific. It isn&#8217;t\u00a0 (The Guardian) Nassim Nicholas Taleb and Yaneer Bar-Yam Wed 25 Mar 2020 Our research did not use any complicated model with a vast number of variables, no more than someone watching an avalanche heading in their direction calls for complicated statistical models to see if they [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1381],"tags":[1799,545,836,406,1511,959],"class_list":["post-9111","post","type-post","status-publish","format-standard","hentry","category-medium","tag-covid-19","tag-mark-spitznagel","tag-medium","tag-the-guardian","tag-uk","tag-yaneer-bar-yam"],"_links":{"self":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/9111","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=9111"}],"version-history":[{"count":2,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/9111\/revisions"}],"predecessor-version":[{"id":9113,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/posts\/9111\/revisions\/9113"}],"wp:attachment":[{"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/media?parent=9111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/categories?post=9111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.blackswanreport.com\/blog\/wp-json\/wp\/v2\/tags?post=9111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}