Nassim Nicholas Taleb on the Precautionary Principle and Genetically Modified Organisms
EconTalk
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How Much Care Should You Take?
We exercise the precaution principle to defend citizens against people risking sytemic ruin. I'm quite enauseated at the bea of these firms using lobyists and a category of of olecoloviist, duch scientists, unemployed scientists. And effectively you also have in a biological community some kind of er, what should i say, a kind ofdthat their interest aren't te stof you and i. So e began talking to gregg page of cargiland. Knowing some people a bon sano, they're very happy to be regulated. In fact, they're eager to be regulated because they feel that gives them boththe stamp of approval from for their customers
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