“The “routine acceptance of professionals as a class apart” strikes Kaus as an ominous development. So does their own “smug contempt for the demographically inferior.” Part of the trouble, I would add, is that we have lost our respect for honest manual labor. We think of “creative” work as a series of abstract mental operations performed in an office, preferably with the aid of computers, not as the production of food, shelter, and other necessities. The thinking classes are fatally removed from the physical side of life—hence their feeble attempt to compensate by embracing a strenuous regimen of gratuitous exercise.”
― The Revolt of the Elites and the Betrayal of Democracy
― The Revolt of the Elites and the Betrayal of Democracy
“Another recent event is the almost-instant bankruptcy, in 1998, of a financial investment company (hedge fund) called Long-Term Capital Management (LTCM), which used the methods and risk expertise of two “Nobel economists,” who were called “geniuses” but were in fact using phony, bell curve–style mathematics while managing to convince themselves that it was great science and thus turning the entire financial establishment into suckers.”
― Incerto 5-Book Bundle: Fooled by Randomness, The Black Swan, The Bed of Procrustes, Antifragile, Skin in the Game
― Incerto 5-Book Bundle: Fooled by Randomness, The Black Swan, The Bed of Procrustes, Antifragile, Skin in the Game
“The state is a fragile organization, and the statesman does not have the moral right to risk its survival on ethical restraint.”
― World Order
― World Order
“Because information is so accessible and communication instantaneous, there is a diminution of focus on its significance, or even on the definition of what is significant. This dynamic may encourage policymakers to wait for an issue to arise rather than anticipate it, and to regard moments of decision as a series of isolated events rather than part of a historical continuum. When this happens, manipulation of information replaces reflection as the principal policy tool.”
― World Order: Reflections on the Character of Nations and the Course of History
― World Order: Reflections on the Character of Nations and the Course of History
“Yet a surfeit of information may paradoxically inhibit the acquisition of knowledge and push wisdom even further away than it was before. The poet T. S. Eliot captured this in his “Choruses from ‘The Rock’”: Where is the Life we have lost in living? Where is the wisdom we have lost in knowledge? Where is the knowledge we have lost in information?”
― World Order: Reflections on the Character of Nations and the Course of History
― World Order: Reflections on the Character of Nations and the Course of History
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