Posts tagged as “Bill Canda”

What makes a community fragile? While many might say debt or lack of job opportunities, the answer lies in allowing some members of the community to have an upside at the expense of others. In other words, it is allowing some people to have no skin-in-the-game and face no consequences if they make horrible mistakes. In the words of the risk expert Nassim Taleb, “which brings us to the largest fragilizer of society, and greatest generator of crises, absence of ‘skin in the game.’ Some become antifragile at the expense of others by getting the upside (or gains) from volatility, variations, and disorder and exposing others to the downside risks of losses or harm.” Custer County has specialized in providing upside to favored individuals if…