La La Land: Galileo's Warning
Cautionary Tales with Tim Harford
Pushkin Industries
4.7 • 6.4K Ratings
🗓️ 22 November 2019
⏱️ 31 minutes
🧾️ Download transcript
Summary
Galileo tried to teach us that adding more and more layers to a system intended to avert disaster often makes catastrophe all the more likely to happen. His basic lesson has been ignored in nuclear power plants, financial markets and at the Oscars... all resulting in chaos.
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Transcript
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| 0:00.0 | Pushkin |
| 0:09.0 | Hello, Tim here. |
| 0:11.0 | Shortly after we recorded this episode, I received the sad news that Charles Perot, |
| 0:16.0 | the great sociologist whose work we discuss, had just died. |
| 0:20.0 | I was sorry to hear it. |
| 0:22.0 | I do hope that Charles would like what we've done with his ideas. |
| 0:31.0 | As the night draws in and the fire blazes on the hearth, |
| 0:35.0 | we warm the children by telling them stories. |
| 0:39.0 | Star Wars teaches them always scan for droids. |
| 0:44.0 | But my stories are for the education of the grownups, |
| 0:49.0 | and my stories are all true. |
| 0:52.0 | I'm Tim Harford, Gavaclose, and listen to my cautionary tale. |
| 1:01.0 | You've heard this story before. |
| 1:12.0 | You might even have watched it happening live. |
| 1:15.0 | 33 million people did. |
| 1:18.0 | There they stand, together on stage, |
| 1:21.0 | fade on away and Warren Beatty, |
| 1:24.0 | Bonnie and Clyde together again after 50 years. |
| 1:28.0 | Even for a pair of veteran Hollywood stars, |
| 1:31.0 | it must have been a nerve-wracking moment, yet their tasks seemed simple. |
| 1:35.0 | Open a red envelope, take out a card, |
| 1:39.0 | and read out the title of the film that had won the Academy Award for Best Picture. |
... |
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