Nassim Taleb Talks Antifragile, Libertarianism, and Capitalism's Genius for Failure

The best-selling author of The Black Swan talks about his new book and why most public intellectuals aren't worth a damn.

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Nassim Nicholas Taleb is a former trader and hedge fund manager, a best-selling author, and a groundbreaking theorist on risk and resilience.

His new book is Antifragile: Things that Gain with Disorder, which argues that in order to create robust institutions we must allow them to build resilience through adversity. The essence of capitalism, he argues, is encouraging failure, not rewarding success.

Nick Gillespie's interview with Taleb is the latest offering from Reason TV. Watch the interview above and click below for full text and links.