With the financial crisis taking a toll on the world economy, PBS conducted a interview with Nassim Nicholas Taleb the author of The Black Swan and mathematician Benoit Mandelbrot.
According to them we have just seen the tip of the iceberg with the current financial crisis. The globalization of our world and financial system have interconnected us to such degree, that they have made the world more prone to risks. A problem with one bank or an financial institution in one part of the world can bring the entire system crashing down. This is what is currently happening or as in Nassim Taleb's words "We live in a world that is way too complicated for our traditional economic structure. It's not as resilient as it used to be. We don't have slack. It's over-optimized."
Read the entire transcript of the interview and watch it at Doomsday Scenario
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