Updated: Jun 20, 2022
We are witnessing the rise of a new class of inverse heroes, that is, bureaucrats, bankers, Davos-attending members of the I.A.N.D. (International Association of Name Droppers), and academics with too much power and no real downside and/or accountability. They game the system while citizens pay the price.
At no point in history have so many non-risk-takers, that is, those with no personal exposure, exerted so much control.
The chief ethical rule is the following: Thou shalt not have antifragility at the expense of the fragility of others.
Nassim Nicholas Taleb
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