People are quite confused what they mean by gorelization. Do they mean that we shall go back close the country as japan did amean? Nobody has ever defined capitalism as just unfettered, unconditional pursuit of money. So my point is that i am, of course, in favour ofsation aam in favour of some kind of specialization. But at the same time, if people want to vote in a certain way, and you have to understand thei preferences,. You have to understand why they may like to to see their own shoosin store. They have other things in life than just nother economic err bottom line.
Nassim Nicholas Taleb talks with EconTalk host Russ Roberts about the manuscript version of his forthcoming book, Skin in the Game. Topics discussed include the role of skin in the game in labor markets, the power of minorities, the Lindy effect, Taleb's blind spots and regrets, and the politics of globalization.