Letter to the Editor: Skin in the game

Letter to the Editor: Skin in the game

22 Feb 24
Posted by: Roger Plumtree
8 minutes, 1 second read
Message from the Editor

The author gives his state of play on the current socioeconomic conditions impacting British seapower, and proposes a possible RN force structure financially tailored for a ‘regional’ rather than a ‘global’ Britain.

Sir, – The term ‘skin in the game’, coined by the self-described ‘epistemologist of randomness’ Nassim Nicholas Talib, implies that a shared risk, when taking major decisions, is a necessity for fairness, commercial efficiency, and risk management, as well as being necessary to understand the world. The concept, which provides clarity when any deliberation has a personal dimension included as a factor, prompts suggestions that, on first appearance, look outrageous, but, after further meditation, provides signposts. Using that concept, the following is an attempt to define solutions to th…

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