Michael

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In the current environment, as I understand it, businesses have proved no wiser, more far-seeing, or successful than other institutional actors. But capitalism, as a whole, has made more productive use of the failure of its parts than most institutions under assault by the public. To borrow Taleb’s terminology, capitalism appears to be “antifragile”: it “regenerates itself continuously by using, rather than suffering from, random events, unpredictable shocks, stressors, and volatility.”
The Revolt of the Public and the Crisis of Authority in the New Millennium
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