Showing posts with label ruin. Show all posts
Showing posts with label ruin. Show all posts

Thursday, April 16, 2020

Nssim Taleb: The Only Man With a Clue About Covid19?

A post by Raúl Ilargi Meijer at the Automatic Earth blog begins with the following words:
Today, I’m going to try to show you how and why we know that in the case of a pandemic like the one we’re in, surrounded by doubts and uncertainties, there are still a series of measures that we can and, more importantly, must take. But also, how these measures are hardly ever taken, and if they are, not in the correct fashion. This has to date led us into a ton of preventable misery and death. If only we would listen. And there’s still more we can do to prevent more mayhem, there is at every step of the process.
What follows is an exposition of the risk to humanity of a viral pandemic made years ago the financial analyst Nassim Nicholas Taleb, together with Taleb's conclusions as the the steps that must be taken to avoid catastrophe.

Needless as it is to say to those with any understanding of the way governments function, or more generally fail to function, Taleb's analysis and recommendations have been generally ignored with catastrophic consequences for those afflicted by Covid19, and for all who have been or will in the future be affected by the economic consequences of the Covid pandemic.

Rather than copy and paste the article from the Automatic Earth for those wanting to better understand the challenge of Covid19, here is a link to the original article:

The Only Man Who Has a Clue.