This is a really good point that I've never heard said exactly this way. I paticuarly like the framing of responsibility. In modern societies we have pretty f

This is a really good point that I've never heard said exactly this way. I paticuarly like the framing of responsibility. In modern societies we have pretty fine grained tools for chopping up risk, selling it, trading it, via financial instruments or insurance. In fact when you use these tools sometimes the goal is to vanish the risk all together (which as a result sometimes creates counter-party risk). Likewise we have a whole cottage industry of chopping up and trading responsibility with very similar mappings to risk. In fact in many ways responsibility is treated more or less like risk itself. How many problems today though could you follow the thread back to people creating the responsibility equivalent of CDOs.