Something about the U.S. that’s worth repeating:
“I am convinced that the future of America is rosier than people claim – I’ve been hearing about its imminent decline ever since I started reading. Take the following puzzle. Whenever you hear or read a snotty European presenting his stereotypes about Americans, he will often describe them as’uncultured’, ‘unintellectual’ and ‘poor in math’ because, unlike his peers, they are not into equation drills and the constructions middlebrow people call ‘high culture’. Yet the person making these statements will be likely to be addicted to his Ipod, wearing t-shirts and blue jeans, and using Microsoft Word to jot down his “cultural” statements on his (Intel) PC, with some Google searches on the Internet here and there interrupting his composition. Well, it so happens that the US is currently far, far more tinkering an environment than that of these nations of museum goers and equation solvers – in spite of the perceived weakness of the educational system, which allows the bottom-up uncertainty-driven trial-and-error system to govern it, whether in technology or in business.
“It fosters entrepreneurs and creators, not exam takers, bureaucrats or, worse, deluded economists. So the perceived weakness of the American pupil in conventional and theoretical studies is where its very strength lies – it produces ‘doers’, Black Swan hunting, dream-chasing entrepreneurs, or others with a tolerance for risk-taking which attracts aggressive tinkering foreigners. And globalisation allowed the US to specialize in the creative aspect of things, the risk-taking production of concepts and ideas, that is, the scalable and fat-tailed part of the products, and, increasingly, by exporting jobs, separate the less scalable and more linear components and assign them to someone in more mathematical and ‘cultural’ states happy to be paid by the hour and work on other people’s ideas. (I hold, against the current Adam Smith-style discourse in economics, that the American undirected free enterprise system works because it aggressively allows people to capture the randomness of the environment – ‘cheap options’ – not because of competition and certainly less because of material incentives. Neither the followers of Adam Smith, nor to some extent, those of Karl Marx, seem to be conscious of the role of wild randomness. They are too bathed in enlightenment-style causation and cannot separate skills and payoffs.)” – Nasim Taleb
That is, if we don’t screw it up further with legislative fiascos like Sarbanes-Oxley!
This is why we think that the post-modern left hasn’t won just yet, as we mentioned elsewhere.
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