Taleb in 30 minutes

Nassim Taleb, the Lebanese-American academic whom we interviewed in The Spectator last month, is the subject of a Radio Four profile by The Economist’s Janan Ganesh that was first aired last Monday but will also be on Radio 4 at 21:30 this evening. David Willetts is interviewed, saying that Taleb’s work underlines the folly of long-term forecasts because ‘the big events that shape the world today are those which no one predicted four or five years ago’. The discovery of Shale gas, for example, could utterly change Britain’s energy requirements. Taleb’s heroes are Burke and Popper: his emphasis is on the need for humility, on how hard it is for any government to know what’s going on in society. The LSE’s John Worrall says Taleb’s influence is ‘frightening’ — it makes the case for inactive government, and erodes faith in reason and state planning. Willetts admits there is a danger of the right being too inactive: of saying that government doesn’t work, then proving it by being elected.