The Status Quo Is a Fraud
Fraud as a way of life caters an extravagant banquet of consequences.
This can’t be said politely: the entire status quo in America is a fraud.
The financial system is a fraud.
The political system is a fraud.
National Defense is a fraud.
The healthcare system is a fraud.
Higher education is a fraud.
The mainstream corporate media is a fraud.Taleb explains why failure and fraud become the status quo: admitting error and changing course are risky, and everyone who accepts the servitude of working in a centralized hierarchy–by definition, obedience to authority is the #1 requirement– is averse to risk.
As as I explain in my book, these systems select for risk aversion and the appearance of obedience to rules and authority while maximizing personal gain: in other words, fraud as a daily way of life.
The truth is a dangerous poison in centralized hierarchies: anyone caught telling the truth risks a tenner in bureaucratic Siberia. (In the Soviet Gulag ,a tenner meant a ten-year sentence to a labor camp in Siberia.)
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