The only way to prevent institutions from rotting is by automatic dissolution, to have the same life expectancy as free-market companies. - Nassim Nicholas Taleb

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The only way to prevent institutions from rotting is by automatic dissolution, to have the same life expectancy as free-market companies.

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About Nassim Nicholas Taleb

Nassim Nicholas Taleb (born 1 January 1960 in Amioun, Lebanon) is an essayist, epistemologist, researcher, and former practitioner of mathematical finance.

Biography information from Wikiquote

Also Known As

Alternative Names: Nassim Taleb

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The only way we have left to control suicide-terrorists would be precisely to convince them that blowing themselves up is not the worst-case scenario for them, nor the end scenario at all. Making their families and loved ones bear a financial burden — just as Germans still pay for war crimes — would immediately add consequences to their actions. The penalty needs to be properly calibrated to be a true disincentive, without imparting any sense of heroism or martyrdom to the families in question.

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