A Quote by Paul Romer
What we've underestimated is the systemic risk that that very finely tuned system of specialization exposes us to. And so I think we will start to ask whether there are ways that we could build some more robustness into our whole system.
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In comparison to the U.S. health care system, the German system is clearly better, because the German health care system works for everyone who needs care, ... costs little money, and it's not a system about which you have to worry all the time. I think that for us the risk is that the private system undermines the solidarity principle. If that is fixed and we concentrate a little bit on better competition and more research, I think the German health care system is a nice third way between a for-profit system on the one hand and, let's say, a single-payer system on the other hand.
Most of the time, your risk management works. With a systemic event such as the recent shocks following the collapse of Lehman Brothers, obviously the risk-management system of any one bank appears, after the fact, to be incomplete. We ended up where banks couldn't liquidate their risk, and the system tended to freeze up.
If some lose their whole fortunes, they will drag many more down with them . . . believe me that the whole system of credit and finance which is carried on here at Rome in the Forum, is inextricably bound up with the revenues of the Asiatic province. If Those revenues are destroyed, our whole system of credit will come down with a crash.
As a nation, we are on a path of rapid and deep systemic change to our health system, and it's going to unfold for some time to come. It is already transforming the fundamental nature of the U.S. medical care delivery system.
I'm a big believer in the system, but I just don't think we follow our own system and laws very well. I think ultimately we'll see the system collapse. Because no system has ever stayed around forever.
Amid the seeming confusion of our mysterious world , individuals are so nicely adjusted to a system, and systems to one another and to a whole, that, by stepping aside for a moment, a man exposes himself to a fearful risk of losing his place forever. (Wakefield)
Our bodies have a finely tuned, built-in detoxifying system: It's called our liver, and it can detoxify our bodies better than any cleanse or fast without the unpleasantness and danger of muscle cramps, dehydration, and diarrhea associated with artificial cleanses.
I think when he [Vladimir Putin] calls me brilliant I will take the compliment, okay? I mean, the man has very strong control over a country. Now, it's a very different system and I don't happen to like the system. But certainly in that system, he has been a leader far more than our president has been a leader.
I think that if you have a single payer system and an opt-out for people who want to pay more [for better service, etc.], I think it would be better - and I think we'll eventually get there. It wouldn't be better at the top - [our current system] is the best in the world at the top. But the waste in the present system is awesome and we do get some very perverse incentives.
I actually think in some ways that it might be more challenging to be bipolar because it's so mercurial - it's so ever-changing. You can't get any traction. You can't build on a system. Whereas, somebody who has Asperger's, which is certainly a much more forgiving expression of autism, can create models for coping and build on them over time.
You cannot ask which system is the better because you cannot standardize one system for the whole of the world. You cannot have one stereotyped code of morality for every country. One system may work very well in one country and very badly in another. You cannot grow a tropical flower in a cold climate.
What compelled me about the story of Chernobyl more than anything else was something very universal. Yes, Chernobyl happened because in many ways, the Soviet system was deeply corrupt and evil, but the Soviet system did not arrive to us from some other planet. It was devised by humans.
My adrenalin was so heightened, and my neuromuscular system was so finely tuned that I struggled to come down between games, which resulted in high levels of anxiety and multiple panic attacks.
The Soviet system is how everything here works. It's very difficult to break the system. The system is big and inflexible, uneffective, and also corrupt. And that is our main goal: to change the system, to break the system, to make it modern.
A leader is someone who steps back from the entire system and tries to build a more collaborative, more innovative system that will work over the long term.
Neither one of us believe that you can fix the culture from within by just throwing money and people at the system. There has to be a systemic change within the system.
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