This seems like a good framing to get non-progressives behind social safety net programs - lowering the cost of risk taking/innovation and allowing for more ideas for the market to sort out.
I'm a 'non-progressive' and can see you're view point. I think it is worth exploring and I like where you're going. I can tell you that the main point of contention will be that the government caused the inability to take risk (i.e. subsidizing student loans and housing costs). I am however more open to social programs when you word it like that