tag:blogger.com,1999:blog-3448927642739850334.post1376218209318020512..comments2023-10-29T08:06:00.610+00:00Comments on The Political Economist: Taleb's antifragility and pseudostability Vuk Vukovichttp://www.blogger.com/profile/01878567452492217960noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3448927642739850334.post-22632549040487933122013-10-30T19:34:56.689+00:002013-10-30T19:34:56.689+00:00His argument is not new, but he is approaching it ...His argument is not new, but he is approaching it in a different way. Certainly many of us have been arguing for a more decentralized finacial scheme. However, the trend is toward more centralization not less. KyleNhttps://www.blogger.com/profile/15766641765942339253noreply@blogger.comtag:blogger.com,1999:blog-3448927642739850334.post-59794488496301529642013-10-29T15:14:02.028+00:002013-10-29T15:14:02.028+00:00Nothing is said about interconnectivity and how th...Nothing is said about interconnectivity and how that fosters systemic vulnerabilities. It is good thing to "administer" the instability by creating smaller pockets of risk, with the intention that every time a crisis hits one pocket, the damage is circumscribed to that pocket, allowing for local adaptation to the new status quo in that pocket. But this is wrong, as reality shows us that interconnectivity among the world's "many pockets" is already in place. To achieve what Taleb advocates, you need isolationism, something that simply won't be happening in today's interconnected world. Yes, this is a very innovative theoretical idea, but unfortunately incompatible with reality. International trade, global financial markets, the social networks, the internet, new commercial routes in the arctic, even Elon Musk's hyperloop. All examples of embedded interconnectivity structures. Interconnectivity is synonym with progress. You simply can't erase progress as people understand it. <br /><br />http://thechinonomist.blogspot.com/2012/04/as-delicate-as-butterfly.htmlThe Chinonomisthttps://www.blogger.com/profile/08106757954345596438noreply@blogger.com