Nassim Nicholas Taleb

Nassim Nicholas Taleb and Mark Blyth

The upheavals in the Middle East have much in common with the recent global financial crisis: both were plausible worst-case scenarios whose probability was dramatically underestimated. When policymakers try to suppress economic or political volatility, they only increase the risk of blowups.

This article appears in the Foreign Affairs/CFR eBook, The New Arab Revolt.