In Mr. Taleb???s view, ???We have been fragilizing the economy, our health, political life, education, almost everything??? by ???suppressing randomness and volatility,??? much the way that ???systematically preventing forest fires from taking place ???to be safe??? makes the big one much worse.??? In fact, he says, top-down efforts to eliminate volatility (whether in the form of ???neurotically overprotective parents??? or the former Fed chairman Alan Greenspan???s trying to smooth out economic fluctuations by injecting cheap money into the system) end up making things more fragile, not less. Overtreatment of illness or physical problems, he suggests, can lead to medical error, much the way that American support of dictatorial regimes ???for the sake of stability??? abroad can lead to ???chaos after a revolution.???
About the Book
This book is a work in progress. A living document, of sorts. Start reading now, and it will grow month by month. Just don’t get it wet, and never feed it after midnight.
Music is both culture and commerce. Those two things are inextricably linked. In different periods of history, music culture and music commerce are profoundly different.
In the age of print, the main way in which music was produced, distributed and consumed was on paper. Music was dots on a page. The electric age, with its introduction of recordings and broadcasting, radically transformed the ways in which music made meaning for people, and consequently the ways in which it made money.
And just as the electric age was profoundly disruptive to the musicians, businesses and fans of music when it first came along, so too is the digital age.