â€¦personally I think people with the power to detonate our economy and ravage our ecology would do better having a picture of Icarus hanging from the wallâ€¦.I want them thinking about the possibility of failure all the time. We have greed, weâ€™ve got over-confidence/hubris but since weâ€™re here at TED Women, letâ€™s consider one other factor that could be contributing in some small way to societal recklessness.
(shows Menâ€™s Bathroom Door Sign)
Now Iâ€™m not going to belabor this point, but studies do show that as investors, women are much less prone to taking reckless risks than men. Precisely because, as weâ€™ve already heard, women tend not suffer from over-confidence the same way that men do. So it turns out that being paid less, and being praised less has its upsidesâ€¦for society at least. The flip side of this is that constantly being told that youâ€™re gifted, chosen, and born to rule has distinct societal downsides. And this problemâ€”call it the perils of privilegeâ€”brings us closer to the root of our collective recklessness. Because none of us, at least in the global North, neither men nor women are fully exempt from this message.