Why Democracies Become Risk-Averse
The challenge we have in a democracy is that we can change our minds depending on which party is in power.
You hear sometimes about China or Russia or other oligarchies or dictatorships where they can stipulate that they’re going to tackle something in the next decade.
The challenge we have in a democracy is that we can change our minds depending on which party is in power. But the problem is, those sorts of things don’t give us consistent funding for very high risk projects, especially when you’ve got financial pressures like we’ve had here in the United States with a severe recession.
60 Second Reads is recorded in Big Think's studio.
Image courtesy of Shutterstock
Swipe right to make the connections that could change your career.
Swipe right. Match. Meet over coffee or set up a call.
No, we aren't talking about Tinder. Introducing Shapr, a free app that helps people with synergistic professional goals and skill sets easily meet and collaborate.
A completely unexpected discovery beneath the ice.
- Scientists find remains of a tardigrade and crustaceans in a deep, frozen Antarctic lake.
- The creatures' origin is unknown, and further study is ongoing.
- Biology speaks up about Antarctica's history.
Jeff Bezos, the founder of Amazon.com, explains his plan for success.
- Jeff Bezos had a clear vision for Amazon.com from the start.
- He was inspired by a statistic he learned while working at a hedge fund: In the '90s, web usage was growing at 2,300% a year.
- Bezos explains why books, in particular, make for a perfect item to sell on the internet.
It's one factor that can help explain the religiosity gap.
- Sociologists have long observed a gap between the religiosity of men and women.
- A recent study used data from several national surveys to compare religiosity, risk-taking preferences and demographic information among more than 20,000 American adolescents.
- The results suggest that risk-taking preferences might partly explain the gender differences in religiosity.
SMARTER FASTER trademarks owned by The Big Think, Inc. All rights reserved.