![]() ![]() The first one, and the most obvious one, is people who intervene in Iraq, thinking, “Hey, we’re going to bring democracy,” or some abstract concept. Decision-makers who can drag you into intervention, can drag you into policies that cosmetically feel good, but eventually, somebody pays a price and it’s not them. PAUL SOLMAN: The no-skin-in-the-game class? NASSIM NICHOLAS TALEB: It’s that rise of the class, the no-skin-in-the-game class in decision-making. Plus, there are a bunch of things that have been developing that I’m not comfortable with, developing over, say, the least 20 years, but mostly the last 10 years, I’m not comfortable with. ![]() ![]() NASSIM NICHOLAS TALEB: The point is, the system is fragile because we had a lot of debt. PAUL SOLMAN: Are there black swans on the horizon now? What are you betting on? Owning my own risk, as I write in the book. “People don’t understand that we’re not learning from previous crises to force people to have skin in the game…” ![]()
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