“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception
23 February 2009
Nassim Taleb Says "US Financial System Designed to Blow Up"
Nassim Taleb had an extraordinarily good interview on Bloomberg Television today.
It is worth it. The story on Bloomberg does not really capture what he said and how he said it.