In the last few months of the COVID-19 crisis, PIA air accidents, decisions surrounding the locking and escalation of Corona cases can be accurately described as what was identified and referred to by Naseem Nicholas Taleb. “Antifragil” in his latest book. This is a category of things that not only get out of chaos but need it to survive and develop.
Live in the world of the Black Swan
Naseem Nicholas Taleb states that people who resist resist shocks and remain the same; anti-brittle is getting better and better. The Prime Minister of Pakistan, Mr. Imran Khan is not far from what the Taleb said. He offers a blueprint for life in the world of the Black Swan. Decision making in the dark is what PM Imran Khan did well. Not only is Prime Minister Imran Khan balancing poverty with a fragile economy, he has sought to maintain the health care system and ensure its people are not laid off, the rate at which they are laid off worldwide.
Naseem offers to focus on several key takeaways in Antifragility that can serve the context of our society. He argues that some things benefit from surprises; they grow and develop when exposed to volatility, randomness, distraction, and stress and the adventures of love, risk, and uncertainty. So far Pakistan has emerged as a country that has offered food, housing, support and shelters for the destitute and has been there to serve its people through the disbursement of government revenue aid. But more importantly he has strengthened his tenacity in the world by showing how we as a country can survive in the worst situations.
Our schools and universities are online, our surgical mask manufacturers are growing rapidly, our billions of tsunami trees have offered jobs to daily bets, we have been able to find time to watch Ertugral and find ways to imitate it in our daily lives. stronger with our Turkish brothers. Last but not least, we have strengthened what our Prime Minister has mentioned at the UN General Assembly that the niqab should not be looked down upon and has become a devout Muslim who is better at finding hope in the words and prayers of Allah … so that to be “Antifragile.”
We have never experienced anything like this before and can therefore say very little about what will happen. But criticizing the government in the midst of crisis after crisis is not fair.
The government is very dependent on social science theories, especially economics which, according to Naseem Taleb, seems to diverge from theory to theory. He stated that “during the Cold War, the University of Chicago promoted the laissez-faire theory, while the University of Moscow taught the opposite – but the respective departments of physics were in convergence, if not in total agreement”.
The steps taken by PM Imran Khan must be praised
This is the reason why Taleb puts social science theory as something that is very fragile for real world decisions and cannot be used for risk analysis. The “theory” of the appointment was even disappointing. In social science he believes this must build “chimera” rather than theory. We have to develop a methodology to overcome this flaw. In essence, the practical decisions and steps taken by PM Imran Khan make sense and must be dealt with along with the steps he has proposed so far.
Antifragility tests also encourage us to focus on what is important for human survival; first and foremost, food security is followed by research and development in medicine, understanding of our response to natural disasters and hospital care, managing funds to provide health services and our resilience as a nation.
There is, in the Black Swan zone, a limit to knowledge that can never be reached, no matter how sophisticated statistics and risk management science has ever been obtained, and the COVID-19 crisis is a classic example.
Taleb argues that the great skeptic philosopher of Arabic medieval Algazel, aka Al-Ghazali, who tried to destroy Averroes’s teleology and rationalism, emerged with the famous pin metaphor – which is now wrongly associated with Adam Smith. Pin doesn’t have a single maker, but twenty-five people are involved; these all collaborate without a central planner – collaboration guided by an invisible hand. Because no one knows how to produce it themselves.
In the eyes of Algazel, a skeptical fideist (that is, skeptical with religion), knowledge is not in human hands, but in God’s hands, while Adam Smith calls it market law and some modern theorists present it. as an independent organization. If the reader wonders why fideism is epistemologically equivalent to pure skepticism about human knowledge and embraces the hidden logics of things, just replace God with nature, fate, the Invisible, Blurry, and inaccessible, and you mostly get same result.
Read more: The post-corona world and Pakistan
The logic of things stands outside us (in God’s hands or natural or spontaneous power); and remembering that currently there is no one who communicates directly with God, there is a slight difference between God and darkness. Nobody has a clue about the general process, and that’s important. So blaming the government will not cause black swan negativity to reverse but might greatly increase our ability to increase antifragility.
Taleb argues that iatrogenics (damage done by physicians, such as when a doctor’s intervention is more dangerous than good) and general iatrogenics by extension, (applicable to the harmful side effects of actions by policy makers and academic activities) cannot cause society to improve. Instead, he advocated ways to embrace antifragility and develop in chaos … something that is not entirely foreign to Pakistan.
The author is the Scholar of the Foundation for the Shell-Chevening-DFID-Noon Foundation for Judge Business School, to the University of Cambridge, UK with Kate Bertram College Distinction and Assistant Professor at the Lahore School of Economics. He can be contacted at [email protected]. The views expressed in this article are those of the authors and do not necessarily reflect the editorial policies of Global Village Space.
to request modification Contact us at Here or [email protected]