[Medium] Corporate Socialism: The Government is Bailing Out Investors & Managers Not You

The U.S. government is enacting measures to save the airlines, Boeing, and similarly affected corporations. While we clearly insist that these companies must be saved, there may be ethical, economic, and structural problems associated with the details of the execution. As a matter of fact, if you study the history of bailouts, there will be.

Link: https://medium.com/incerto/corporate-socialism-the…3b31a67bff4a

Ethics of Precaution: Individual and Systemic Risk

Ethics of Precaution: Individual and Systemic Risk
Nassim Nicholas Taleb and Joseph Norman
New England Complex Systems Institute, School of Engineering, New York University
PDF Download Link: academia.edu/42223846…

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Foreword to Carlo M. Cipolla’s The Basic Laws of Human Stupidity

‘A classic’ – Simon Kuper, Financial Times

The five laws that confirm our worst fears: stupid people can and do rule the world.

Since time immemorial, a powerful dark force has hindered the growth of human welfare and happiness. It is more powerful than the Mafia or the military. It has global catastrophic effects and can be found anywhere from the world’s most powerful boardrooms to your local pub. This is the immensely powerful force of human stupidity.

Seeing the shambolic state of human affairs, and sensing the dark force at work behind it, Carlo M. Cipolla, the late, noted professor of economic history at the University of California, Berkeley, created a vitally important economic model that would allow us to detect, know and neutralise this threat: The Basic Laws of Human Stupidity.

If you’ve ever found yourself despairing at the ubiquity of stupidity among even the most ‘intellectual’ of people, then this hilarious, timely and slightly alarming little book is for you. Arm yourself in the face of baffling political realities, unreasonable colleagues or the unbridled misery of Christmas day with the in-laws with the first and only economic model for stupidity.

Nassim is back posting on Facebook

Nassim has updated his followers on Facebook regarding his latest work debunking IQ science.

The fellow is overall fair but a bit generous to the NeoNazis with a sinister racial program.https://www.firstthings.com/web-exclusives/2019/08/talebs-call-to-duel

Posted by Nassim Nicholas Taleb on Wednesday, August 7, 2019

The piece on IQ. See the technical link for more.Basically the only reason it is used is research on genetic…

Posted by Nassim Nicholas Taleb on Wednesday, August 7, 2019