Quote note (#270)
Taleb on the media short-circuit:
Social media allowed me to go direct to the public and bypass the press, an uberization if you will, as I skip the intermediary. I do not believe that members of the press knows their own interests very well. I noticed that journalists try to be judged by other journalists and their community, not by their readers, unlike writers.
No one realizes they’re in a death-bubble until it gets disintermediated from the Outside. We’re going to be seeing ever more of that. (At the largest scale, the Cathedral concept was formulated to predict it.)
ADDED: A grimmer take on social media.