The Phaserl


Why Our Central Planners Are Breeding Failure

Take prudent steps NOW, while there’s still time

by Charles Hugh Smith, Peak Prosperity:

Success, we’re constantly told, breeds success. And success breeds stability. The way to avoid failure is to copy successful people and strategies. The way to continue succeeding is to do more of what has been successful.

This line of thinking is so intuitively compelling that we wonder what other basis for success can there be other than ‘success’?

As counter-intuitive as it may sound, success rather reliably leads to failure and destabilization. Instead, it’s the close study of failure and the role of luck that leads to success.

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