“¦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 wall”¦.I want them thinking about the possibility of failure all the time. We have greed, we’ve got over-confidence/hubris but since we’re here at TED Women, let’s consider one other factor that could be contributing in some small way to societal recklessness.
(shows Men’s Bathroom Door Sign)
Now I’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 we’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 upsides”¦for society at least. The flip side of this is that constantly being told that you’re gifted, chosen, and born to rule has distinct societal downsides. And this problem””call it the perils of privilege””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.