Entrepreneurs don’t have a gene for risk – they come from families with money

Re:Entrepreneurs don’t have a gene for risk – they come from... by lhc- on Tuesday September 01, 2015 @01:38PM (#10154248)

It sorta spits at the idea of social mobility ("the american dream") though. The biggest rewards are only really available to those who can take risks like starting a business, and if you restrict that to only those who are already well-off, you remove most chances for the poor to ascend to the higher classes.

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Re:Entrepreneurs don’t have a gene for risk – they come from... by Mikeb85 on Tuesday September 01, 2015 @03:13PM (#10154950)

This is why a social security net (ie. Welfare state) can actually be good for the economy. In fact, most western countries qualify as 'welfare states' when compared to 3rd world countries.

But this supports the whole idea of a basic income - if everyone is able to live without working, they can take risks such as going to University, starting a business, etc...

A lack of social net prevents risk taking and severly limits mobility, creating a 'have-not' class and keeping them there for the most part.

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Re:Entrepreneurs don’t have a gene for risk – they come from... by tertius on Tuesday September 01, 2015 @03:09PM (#10154927)

This implies that you believe that there is a global elite and there has always been a global elite and that they are all related and there is no way to become a part of that elite.

Because if you say that "if you restrict that to only those who are already well-off", their parents probably weren't or their parents' parents etc.

There are many occupations that really only require hard work and little risk that has big payout.

The end result here is that no, life isn't "fair". But by and large, a person that has the ability to take risk, does and succeeds will create that ability for others to do the same in the future.

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Re:Entrepreneurs don’t have a gene for risk – they come from... by 6t6t6 on Tuesday September 01, 2015 @09:29PM (#10156940)

> There are many occupations that really only require hard work and little risk that has big payout.

Such as?

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Re:Entrepreneurs don’t have a gene for risk – they come from... by tertius on Tuesday September 01, 2015 @11:45PM (#10157311)

Medicine.

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Re:Entrepreneurs don’t have a gene for risk – they come from... by 6t6t6 on Wednesday September 02, 2015 @09:02PM (#10162852)

You need quite more than just hard work to become a doctor.

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Re:Entrepreneurs don’t have a gene for risk – they come from... by eloff on Tuesday September 01, 2015 @03:15PM (#10154966)

There isn't that much social mobility, there's plenty of statistics that prove that. The American dream is just that, a dream. Like most dreams, the odds are long. You can reduce those odds, but don't kid yourself that it will be easy.

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Re:Entrepreneurs don’t have a gene for risk – they come from... by Retra on Tuesday September 01, 2015 @05:50PM (#10156021)

Do you have those statistics? I'm not trying to be unreasonable. It's just that I've tried looking for this data before, and all I found was that social mobility (in the US) has remained relatively unchanged for about 50 years, and that's probably the best it's ever been.

I think we could do better, but I'm not sure what you are saying is correct, either.

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Re:Entrepreneurs don’t have a gene for risk – they come from... by jtheory on Tuesday September 01, 2015 @07:08PM (#10156426)

There's a lot out there spinning the same result different ways; but I think that's the general status -- social mobility hasn't changed in the US for decades.

There's rather clearer data that the gap between rich & poor continues to widen in the US, which makes it a bit more bleak that going from poor to rich is still a rough uphill battle.

It's also fairly disheartening when you think of all the things that have changed in the past 50 years, many efforts that should help social mobility. Attempting to stop pervasive lead poisoning, lots of grants and policies to help get poor kids through basic and into higher education, legal and other sorts of efforts against sexism and racism... all kinds of things intended to hopefully make the playing ground more fair for everyone haven't actually moved this particular needle at all.

For a bit more context, also look outside of the US. If you want to live the American dream, you'll have a much better chance in Denmark. Reference here (though I read about it elsewhere a few years ago... can't remember orig src): https://en.wikipedia.org/wiki/Socio-economic_mobility_in_the...

Of the 9 developed countries in that study, only the UK ranked worse than the US.

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Re:Entrepreneurs don’t have a gene for risk – they come from... by blakeyrat on Tuesday September 01, 2015 @05:37PM (#10155933)

Maybe so, but there's no point in making the situation worse. If we can make it better, we should.

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