Isaiah Taylor

People like me, people like my employees who see an opportunity to solve an enormous problem and make an enormous amount of money in the process.

Right.

This is how we as Americans figure out how to solve the hardest problems on Earth.

And the way that you can muck up that process is by introducing laws and legislations that make it impossible to fix the problem with the profit incentive through private companies.

And the way that we've done that is through, again, environmental policy, through some of the centralized federal regulatory programs around the grid.

When you try to manage all of this at the top, you become very bad at governing, right?

The higher you try to govern a thing, the worse you become at governing it.

Now, there's a too small version as well.

So there's some middle point here.

But the middle point is much further toward decentralization than it is toward centralization today.

There's actually a concept here that I'm sure you're aware of called anti-fragility.

I'm not aware of that.

So this is a Nassim Taleb concept, and there are systems which benefit from chaos, and there are systems which are punished by chaos or degrade from chaos.

so uh this is generally called like fragile robust and anti-fragile right a fragile system uh a glass is a good example of this a glass is a fragile thing if you knock it with a hammer it could shatter um a steel cup would be an example of a robust thing right if you knock it with a hammer uh you know it's probably fine

But then there's this third category of thing, which is called anti-fragile.

And what that means is like the more you knock it with the hammer, the better it gets.

And I would argue that what you just mentioned in Florida is a good example of this, where the fact that they have hurricanes which knock out the grid infrastructure actually means that they have a better grid, right?

Because the chaos of that situation has allowed them to figure out how to evolve and to get better.

And if you look at human systems, the best human systems are anti-fragile and capitalism is an anti-fragile system, right?

Private companies using the profit incentive to fix problems on a smaller scale, on a decentralized scale is extremely anti-fragile.