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

EconTalk

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Protectionism

Agan: I have already argued against unrfettered ovelization in the black swan. But then i realized there was a second element in rovalization that people fail to understand, he says. Do they want more flat screen tivs? Agan asks. Or do you want a job or some kind of ego satisfaction from seeing the product? The artist is loaded for the money, but mostly for because they have a very synchronised life. It's where not five o'clock that sits, is finished, is what con s after. 'I'm fundamentally a localist, someone who believes in bottom up system, not topped down,' writes Agan.

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