Tuesday, February 05, 2013

While in the past people of rank or status were those and only those who took risks, who had the downside for their actions, and heroes were those who did so for the sake of others, today the exact reverse is taking place. We are witnessing the rise of a new class of inverse heroes, that is, bureaucrats, bankers, Davos-attending members of I.A.N.D. (International Association of Name Droppers), and academics with too much power and no real downside and.or accountability.  They game the system while citizens pay the price.

From Antifragile by Nassim Nicholas Taleb.

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