God bless Nassim Taleb, author of The Black Swan, for trying to help us understand his difficult ideas but, of them, "skin in the game" makes instant sense. There's no incentive for anyone to behave with nothing at risk, except for moral courage, a quaint idea and now in short supply, particularly when outsize profits are available.
Hedge-fund honchos and financiers are examples and now closely allied with politicians from both parties who are too dependent on their contributions to see straight. Those politicians are supposed to be looking out for all of us but they're too spineless, cowardly and compromised to do it. And they have no "skin" in the game.
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