Antifragile | NYTimes oped that says a lot

A very good short piece in/on the NYT ‘Stabilization Won’t Save Us‘ by Nassim Nicholas Taleb, “a former derivatives trader, is a professor at the Polytechnic Institute of New York University and the author, most recently, of “Antifragile: Things That Gain From Disorder.”” The succinct and I believe very accurate + timely article is hopefully a sign that thinking is broadening among the elite, left and even right. To big to fail is a failed concept and our continued federal go’t idiocy shows the danger of letting too much power float to the top. It would not take that much to force (over a few years) the big banks and other over sized and overly protected corporations and guilds ( doctors, lawyers, politicians, AARP, …) to fragment into more useful+effective small scale somewhat competitive (or at least less centralized) organizations.

From my viewpoint large protected organizations with access to Big Data are somewhat troubling since the tools could facilitate continued centralization of wealth and power.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s