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Companies that become too big,complicated and debt-ridden should be allowed to “creativelydestruct,” said Nassim Nicholas Taleb, author of “The BlackSwan.”

Governments shouldn’t 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.

“Why is it on land you don’t have an animal bigger than anelephant?” Taleb asked at the Aspen Institute’s “Capitalismand the Future” forum at the New York Public Library. “BecauseMother Nature knows it’s too big to fail.”