global elite

is a corrupt class of risk-averse insiders immune to the consequences of their actions who game the system while citizens pay the price.

It's a broadside against big government, which Taleb faults for suppressing the randomness, volatility and stress that keep institutions and people healthy. 'As with neurotically overprotective parents, those who are trying to help us are hurting us the most,' he writes. Taleb also offers a withering critique of global elites, whom he describes as a corrupt class of risk-averse insiders immune to the consequences of their actions: 'We are witnessing the rise of a new class of inverse heroes, that is, bureaucrats, bankers, Davos-attending members of the I.A.N.D (International Association of Name Droppers), and academics with too much power and no real downside and/or accountability. They game the system while citizens pay the price.'

global elite, n.All

global elite