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 “fragiliser” 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 – 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.
Are those, errr, “enemies”? Or “bad guys”?
Whatever. Get serious:
Can people apply antifragility to their lives?
In Africa, Asia and the Americas people head-load water – gyms don’t stress your bones, nature does. People also don’t 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.
Nassim N. Taleb @FTAlphaville 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 …
via Deep thoughts, by Nassim Nicholas Taleb [updated] | FT Alphaville.