>Risk becomes a vehicle by which privilege reinforces itself – only the privileged can take risks and only risk is rewarded. That is a pretty absurd leap to ta

>Risk becomes a vehicle by which privilege reinforces itself – only the privileged can take risks and only risk is rewarded. That is a pretty absurd leap to take. By its very own definition, there is no guaranteed pay-off yielded by risk-taking. And by risk-taking, I mean an individual going off the beaten, risk-minimal, path. In this economy, it is starting a company or joining an early one. So yes, of course, that "risk" is rewarded. But only some of the time for some of the people and that alone makes it insufficient to back the thesis that "Risk becomes a vehicle by which privilege reinforces itself". If richer folks are able to go off that beaten path more easily or often, that is only because there "risk-taking" is less risky (amortized) for them than for anyone else. But again, that makes the reward neither guaranteed, systematic or easier to obtain.