From a recent essay by NN Taleb:
Then we will see an economic life closer to our biological environment: smaller companies, richer ecology, no leverage. A world in which entrepreneurs, not bankers, take the risks and companies are born and die every day without making the news.
My question is… do we actually need to establish these rules or is the “market” already enforcing them? Media is a good example. The media companies are getting smaller, more diverse and very little leverage compared to how it used to work just 10 years ago.
