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That's the reason Nassim Taleb gave in Black Swan as well. He said in Europe and Asia, failing is looked at negatively, while in the USA failing is fine, as lon
by dx87 6y ago
That's the reason Nassim Taleb gave in Black Swan as well. He said in Europe and Asia, failing is looked at negatively, while in the USA failing is fine, as long as it wasn't due to lack of effort. So the USA has a lot of failures, but also a lot of innovation, whereas European businesses are more stable, but also don't innovate as much.
- kamaal 6y agoEven a generation back, failures were a taboo in India. Risk aversion was to a point that would discourage people from even trying. Suicides dues to social shaming are common till date. The only way to make a living in India for a long while was like going through an established social heuristic. Any deviation used to be frowned upon. These days things are diluted to an extent. May be due to overall effects of globalization and people just moving on due to cultural dead ends.