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Nassim Nicholas Taleb: There Is A Global Riot Against Pseudo Experts
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Leading Lebanese-American economist and mathematician Nassim Nicholas Taleb said in an interview that the emergence of populist movements around the world is sparking a global riot against pseudo-experts.
These leaders are majoritarian, they build on resentment, they use social media for direct access to their voters, and they can take radical decisions, said Taleb, who predicted the 2008 economic crisis, the Brexit vote, the US presidential election and other events correctly.
When asked, is the election of Trump a part of a global phenomena, and how does he draw similarity to the election of Narendra Modi in India, he said:
According to him, what Trump says shouldn’t worry anyone, and the intellectual class that is raising questions are a small minority of 200,000 people in the US and they don’t represent everyone upset with Trump. The real problem is that of the ‘faux-expert ’.
When questioned about why he said former US president Barack Obama put novocaine in the system and how will Donald Trump administration be able to address this, he said:
On the flaws of globalisation, he said:
Taleb came down heavily on the US media, claiming he gets more credible news from social media than the main stream media. He, however, commended the Indian media, which he feels presents both sides of the story.
Read the full interview here.
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