We can prepare for the inevitable occurrence of "Black Swan" events by developing structures that, when these events occur, âhave more upside than downside.
But getting âtoo big to failâ is precisely what's going on all over the place today. (The banking crisis is a case in point.) âModernity,â Taleb says, is dominated by a culture of specialists who are rewarded for excessive intervention, and for predictions that are routinely worthless. The big reward for them is not in creating antifragility or even resilience, but stability â or, more accurately, its appearance. Then, when disaster strikes, these specialists, who have very little âskin in the game,â pay a very small price, if any. The result is that there is no learning. We go back to making structures that are âtoo big to fail.â