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Nassim Nicholas Taleb on Work, Slavery, the Minority Rule, and Skin in the Game

EconTalk

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You're Not Transferring Risks to Others

"You do bear some cost if you fire your employes all the time. People arem less excited to work aor yo a bit," he says. "But, bu, but there er, an employee is i ecas some who sold you his work unconditionally." 'I've never seen you give economic advice in the sense tha you argue about economic systems,' writes Savile. He adds that most people don't take any risks for the collective good of society.

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