There are giant entrepreneurs like Gates, Jobs, Musk that take risks. The mere mortals like us aren’t successful entrepreneurs because we’re risk averse. We are used to take it easy, measuring each option and gradually move step by step.
In the end they take risks because they have good, reliable safety nets. In worst case situation they know that it can’t be that bad. They can trade an survivable event for bigger rewards and acievements.
Needs and Safety Nets for them
Some people have safety nets on lodging, water, food, sleep. Others have better safety nets: they have a comfortable house, a comfortable passive income (why do the retired persons don’t take risks anymore?). Maslow came up with a sensible hierarchy of needs and according to these needs you have various safety nets: physiological safety net, safety safety net (sic!), love and belonging safety net, eestem safety net, self-actualization safety net, self-transcedence safety net.
If a person wrote a novel or discovered the relativity theory it got a good reliable Esteem Safety Net. Whatever it discoveres (or not) in the future, in worst case, he will not be in need for esteem. This net will enable Einstein to pursue line of thoughts/theories that others cannot because they must prove themself worthy before this.
About unconditional love I can say is a nice safety net for love and belonging need. And it works for long term partnerships: relation, parent-child, brothers-sisters. If is enabled the person can pursue higher goals and take more risks on the “love and belonging” related activities. It could become a Jobs of the relationships: a kind of a Dalai Lama or maybe Don Juan (#dontknowyet)?
Safety Net Timespan
There is something more on safety nets than a simple satisfaction of needs. A safety net should save your life in a worst case scenarion so it must be there for a long term, idealy for life. You cannot say, “thanks god I had a safety net for that day with my botle of water from the knapsack”. In that case you with luck you escaped but on the long term you’re doomed to fail. You’re saved if you have a strategy or a system that will save for most cases.
A safety net is a long term strategic way to satisfy a need. It is a long term solution that gives psychological confort and lower the ball for assuming risks. The safety net satisfies a rationalized need: “In the worse case scenario, my x,y,z need will be satisfied till the end of my life”. It’s a form of waranty/assurance. There are several patterns related to the safety nets:
Struggled Life - No assurance
There are communities that don't get any assurances. Usually are the states with a low life expectancy. Everyday is a struggle because every action might not be bearable. Of course by anyone other standards they are very risk averse.
This situation might look like the previous but the risk averse behaviour transforms in a risk taking behavior because there is nothing to loose. in this case the safety net is given by the "anyway I will die, it cannot go worse than that". This makes a good case for a Minimum Waranted Income. That will transform the Assured Destruction and No Assurance (behaviours easily swappable) in a Stable Surviving Situation
Stable Surviving Situation
This behaviour could be enabled by a Minimum Waranted Income. In this case you will know that in any circumstance your live will not end abruptly in misery and/or abuse. You will have your primary needs satisfied.
There are ways to get a stable income: renta, renting, stable job, stable contracts. A stable income
- might ensure a short term lodging/water/food/sleep safety net
- might ensure a lifespan lodging/water/food/sleep safety net if pension is paid in a stable state
Non Stable Income
It’s simmilar with the previous situation but since is not stable it cannot be counted as a strategy. So is not an actual safety net.
You can buy Safety Nets on various aspects of your life. With these the worse case scenario is still ok:- health - accidents - cronic issues - expensive ills - accidents - cars - apartments - processes - education - life assurance
Lifetime utilities paid
Worse case scenario for Gates, Jobs, Musk would have been Esteem: they had a rich enough family to support their needs in case they couldn’t earn a dime.
A person that is concerned by putting a bread on the table would be much more risk averse since in the worst case scenario she doesn’t have a safety net.
- A safety net is a long term strategic way to satisfy a need.
- A safety net is an enabler of risk taking that could bring bigger acievements and rewards
- Play the game on ^SafetyNets and not on ^ConfortGathering neither ^Consumerism
Connected Concepts: ToClarify
- negociation and risk
- circus artists
- second best option, plan B
- retired persons don’t take risks?
- going to restaurants/vacations/night clubs/escourt/massage when you’re young
- first timers in other cities/…
- people with low expectations are not so stressed because they accepted the safety net.
- dincolo de consumerism: towards a safety net stepped approach
- hamburgers to quantify lifetime reserves
Fighting your safety net Where needs end and confort starts? Where is the luxury border?
- Articles by Guy Standing
Summary in freemind
The 5 biggest lies of global capitalism <https://www.weforum.org/agenda/2016/11/precariat-global-class-rise-of-populism/> new classes elite / plutocracy rents salariat employment security pensions paid holidays medical leave proficians not seeking employment security making money endangered by burn out proletariat unions worked shrinking not to be wished precariat growing no occupational identity or narrative existenttial insecurity lives in debt - a systemic form of rental extraction poverty traps dimensions out of control of time realations of distribution money wages no benefits distinctive relations to the state books The Precariat Guy Standing A Precariat Charter <https://www.weforum.org/agenda/2016/12/lies-of-global-capitalism-guy-standing> There is also strong psychological evidence that people with basic economic security have greater "mental bandwidth" for reasoned and long-term decision making, are more likely to be tolerant and altruistic towards others, and work harder, more productively and more cooperatively.
Here is a list of others that have the same view: