By Tyler Durden
When Nassim Nicholas Taleb looks at President Donald Trump, he doesn’t see “a trainwreck.” The real trainwreck, according to the trader turned author, is “unfettered globalization.” That’s the real danger that members of “the resistance” should be worried about, Taleb says during an interview with Bloomberg.
While he may not be a staunch “anti-globalist”, at least Trump has promised to fix some things in system that, left unchecked, will sooner or later lead to wealth accumulating disproportionately at the top end of income earners as wave after wave of corporate consolidation lines the pockets of the transnational corporate class. When he wrote about the dangers of globalization in his book “The Black Swan, “everybody cheered,” Taleb reminds his host. But now, people are defining their views on globalization based on their blanket opposition to Trump, causing them to overlook an even more sinister threat to their economic well being.
Trump could still prove to be a disappointment if he ends up abandoning his promises. But Taleb rejects the narrative of Trump that “some people” – the readers of The New York Times and Washington Post – are buying into: That Trump tried to pressure former FBI Director James Comey into …read more