25 Sep '14, 9am

Here’s what Antifragile author Nassim Taleb had to say about S’pore in his public lecture at National Library

Here’s what Antifragile author Nassim Taleb had to say about S’pore in his public lecture at National Library

“Why do maritime city-states, why do they do so well? It turns out that a country that has difficulties eating — I don’t think you’ve had farm land here or ever had a lot of farm land here. The Phoenicians — Byblos — right across from Cyprus, had very little resources. So they had to import everything. So they needed to go to Cyprus to get copper. To go to Cyprus what do you need to import copper? You need boats. Now, if you figured out if you had a boat that brings copper from Cyprus, what are you going to do with it? Use it for other stuff when you’re not using it for copper. That’s a mechanism of overcompensation where effectively you’re turning the waters around you into work.” “And that’s the story behind Venice, Genoa all the maritime city-states and you don’t need that much state for that. You don’t need infrastructure. The ocean is right here so it is perfect. You ...

Full article: http://mothership.sg/2014/09/heres-what-antifragile-autho...

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