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by krishnakv
5087 days ago
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So do I hear a +1 for good social security? Looks like a very clear line from having social security and a safety net to leading in science, tech and inventions/ start-ups, which is growth, i.e. the lifeblood of any economy. |
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All I'm saying is people who work their whole lives to get their kids a decent education and those kids themselves are most likely to take a safer path in life. Because they want all their sacrifice to result in a better life. I am not saying start ups don't offer that. But start ups are often risky and ridden by failures. Who would like to be in a situation where they see their parents slog their whole lives to put them a decent place, and now as kids they waste all that by failing in things whose risks they understood pretty well. In such cases, will the parent lives, their work have any meaning?
Now imagine a situation if your basic education, food, clothing and shelter are more or less taken care of. You have good medical care. You don't have to take any risks to just survive. You know if you fail, you always have some basic things taken care of. The infrastructure is there, there is lesser corruption and bureaucracy to worry about.
When you ask why people are afraid to take risks its the former reason.
In the latter situation risk only has a time value, and nothing much.