You can fool some of the people, all of the time

Re:You can fool some of the people, all of the time by nickthemagicman on Thursday November 07, 2019 @08:39AM (#21473041)

Nassim Taleb believes dictatorships are better than democracies because "Lots of small sadnesses are always better than one or two big ones"?

[ Parent | on HN ]

Re:You can fool some of the people, all of the time by huffmsa on Thursday November 07, 2019 @09:33AM (#21473494)

A dictatorship gives one person the ability to cause a singular big sadness.

So they're no good. He touts the extreme federalism of Switzerland. Small, local governments which can only affect and are only responsible for their immediate constituent

Concentration of power => concentration of fail points => fragile to catastrophic events.

Distribution of power => distribution of fail points => majority of system will survive catastrophes.

Or, in VC speak:

single investment in single start-up => fund will not survive a failure.

Many small investments in many start-ups => 75% fail, 10% break even, 10% make 2-3x, 5% return 10x

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Re:You can fool some of the people, all of the time by nickthemagicman on Thursday November 07, 2019 @01:43PM (#21476005)

Very cool and interesting. I'm sure you could apply to tech as well. I.e. Micro services vs Monolithic services.

Thank you for clearing that up.

[ Parent | on HN ]