Governments tend to bail out corporations but never entrepreneurs. In Entrepreneurship, we have to let the system evolve organically, accepting a high volume of small failures because it helps the economic system and losing small to make big. There is honour in failure but we rarely talk about that. We should do more. Instead media headlines caste shame on failure – I am not talking about the crooks – which breeds greater risk aversion, and a society that veers towards non-risk takers (salaried employees with little or no skin in the game). A volition to take big risks with other people’s money and put others at risk without self-harm creates a more fragile system and a greater probability of “blow ups”. Where do you read about that? Not mainstream media or politicians.
