Here is a thought. Perhaps the risk avoidance has more to do with the leadership or lack of leadership in the past 7 years. Entrepeneurship stems from having policies in play that encourage entrepreneurship and business. The current administration has made it very difficult for business to succeed and expand and hire. This affects insurance and when businesses do want to grow, they are slammed by the EPA or any number of other agencies to stifle growth. Obamacare is the most famous example. We all know how bad that has been on the economy and how it has hurt business.
The older generation has seen the market take too many nose dives (dot com and housing collapse to name just two examples) to have faith that we can recover what we lose to risk before we pass on. I find that the greatest fear of my retired friends, not on defined government pension plans, is that they will outlive their savings.
I agree with Agent that policies and or regulations are not encouraging for new ventures or expansion of existing ones.
Good one OBob. We aren’t even talking about what carriers are doing to the older generation on Predictive Modeling, Price Optimization leading to higher premiums on their Personal Insurance. Many of these people are on fixed incomes and they don’t understand the rate increases they get when they don’t have claims and pay their bills in a timely fashion.
You may have your thoughts, but they are rarely based in fact. The article stated, “…the decline in business dynamism and entrepreneurship that has beset the country since about 2000?” I was not aware that President Obama has been in office since 2000.
How do you explain the 9 years of decline prior to his inauguration? Let me guess, Democrats in Congress. Wait, the Republicans were in control of Congress for 1/2 of President Bush’s term. In addition, they have had control of Congress for a year now. What have they fixed?
He can’t explain it in other terms, Ron. He has Obama Derangement Syndrome. If anything the ACA has encouraged entrepreneurship. People can take risks and not have to be worried about being married to a job simply to receive health benefits. The administration has offered many policy ideas to increase business growth, only to be stifled by those on the Right. It is their goal to try and ruin President Obama’s legacy. It’s tragically hilarious. So much more could have been done if it weren’t for the Caucus Room meeting when they admitted to doing what they could to tarnish this President. Many attended something similar after they failed to make President Obama a one-termer:
“…so maybe this explains the extreme fearfulness and suspicion of foreigners that has permeated the presidential campaign so far.”
Americans suffer not from “extreme fearfulness…of foreigners”, but from a realistic fear that the nation’s immigration system is being manipulated for political purposes!
The demographics need to change to support the aging populations. For too long many families decided to have fewer children in developed countries. China just realized this by reversing their policy of only one child. Problem is a generation has gotten accustomed to one child and it is a challenge to change. We need a better balance of risk takers and those risk adverse.
I personally would point a finger at the 24-hour news media and growth of internet news & echo chambers on social media. Bad news sells, and fear is a powerful motivator.
The public perception of risk is skewed by intense coverage of isolated low-risk events. Our communities are safer than ever before, yet we tend to fear unlikely events like strangers abducting children. At the same time we discount the actual severe risks we face in our daily lives such as driving. The result is a strange place where parents are too afraid to let their kids play outside in the neighborhood park yet they’ll drive recklessly and commit road rage with their kids in the backseat.
Excite, I believe you are right about the 24/7 news cycle and every single story across the nation is front and center and they milk it for everything they can. Social Media is completely out of control and cell addicts are driving while texting or talking on it constantly and they expect instant gratification in all their dealings.
I think there is a lot to be said for this point of view. When I was growing up I went door to door after snow storms looking to make a few bucks by shoveling my neighbors out. I went door to door selling Christmas cards (learned that selling Christmas cards in July in a Jewish neighborhood is not easy). We played our own games without adults, and learned to settle our own differences. A lot of what I have done as an adult had its roots during my confident-pain-in-the-ass childhood, where I was given the freedom to try things on my own, without my parents hovering over my shoulder. The endless emphasis on bad news has caused us to coddle our kids, and not surprisingly left them unprepared as future entrepreneurs.
“learned that selling Christmas cards in July in a Jewish neighborhood is not easy.” Hahahaha, that’s hilarious (I’m Jewish so hopefully that didn’t come across as anti-semetic :) Sorry I’m not adding to the conversation, but that comment made me literally laugh out loud.
Wally, there is a terrific organization in this country right that helps kids grow up and be responsible. It is called The First Tee.org. This fine endeavor is sponsored by the PGA Tour and many corporations and has chapters all over the country. Following are their core principles:
Honesty
Integrity
Sportsmanship
Respect
Confidence
Responsibility
Perserverance
Courtesy
Judgment
Life Skills are also taught like – How to manage emotions, how to set goals, how to resolve conflicts, how to communicate with others. They are also taught golf as well, but the big winner is the life skills. Participants unanimously identified school as a setting in which they transferred life skills. 73% reported high confidence in their ability to do well academically. 82% felt confident in their social skills with peers. 57% credited The First Tee for their meeting and greeting skills. 52% credited the program for their ability to appreciate diversity.
These kids often come from disadvantaged homes where these skills are not taught by parents and they certainly don’t get it in school. I support the local chapter with clubs and money and will continue to do so. If we can influence hundreds of thousands of kids to know right from wrong, they will grow up to be successful citizens. They could be the difference makers in the near future.
you were obviously not taught that if you have nothing nice to say, you shouldn’t say anything
January 8, 2016 at 11:41 am
Ron says:
Like or Dislike:
1
2
Agent,
For all you KNOW, not suspect, it was the Conservatives who thumbed this down.
January 8, 2016 at 1:32 pm
Captain Planet says:
Like or Dislike:
1
1
Yeah, Agent, I actually thumbed you up and I don’t usually ever thumb up or down. The First Tee is a great organization and I donate to them often. We agree – holy cow!
rubbish
Hidden due to low comment rating. Click here to see.
The older generation has seen the market take too many nose dives (dot com and housing collapse to name just two examples) to have faith that we can recover what we lose to risk before we pass on. I find that the greatest fear of my retired friends, not on defined government pension plans, is that they will outlive their savings.
I agree with Agent that policies and or regulations are not encouraging for new ventures or expansion of existing ones.
Good one OBob. We aren’t even talking about what carriers are doing to the older generation on Predictive Modeling, Price Optimization leading to higher premiums on their Personal Insurance. Many of these people are on fixed incomes and they don’t understand the rate increases they get when they don’t have claims and pay their bills in a timely fashion.
Agent,
You may have your thoughts, but they are rarely based in fact. The article stated, “…the decline in business dynamism and entrepreneurship that has beset the country since about 2000?” I was not aware that President Obama has been in office since 2000.
How do you explain the 9 years of decline prior to his inauguration? Let me guess, Democrats in Congress. Wait, the Republicans were in control of Congress for 1/2 of President Bush’s term. In addition, they have had control of Congress for a year now. What have they fixed?
Hidden due to low comment rating. Click here to see.
“…so maybe this explains the extreme fearfulness and suspicion of foreigners that has permeated the presidential campaign so far.”
Americans suffer not from “extreme fearfulness…of foreigners”, but from a realistic fear that the nation’s immigration system is being manipulated for political purposes!
Hidden due to low comment rating. Click here to see.
I am shocked, 11 people who looked at my comment also do not like Ronald Reagan. I thought most of you out here liked the old Actor in Chief.
The demographics need to change to support the aging populations. For too long many families decided to have fewer children in developed countries. China just realized this by reversing their policy of only one child. Problem is a generation has gotten accustomed to one child and it is a challenge to change. We need a better balance of risk takers and those risk adverse.
I personally would point a finger at the 24-hour news media and growth of internet news & echo chambers on social media. Bad news sells, and fear is a powerful motivator.
The public perception of risk is skewed by intense coverage of isolated low-risk events. Our communities are safer than ever before, yet we tend to fear unlikely events like strangers abducting children. At the same time we discount the actual severe risks we face in our daily lives such as driving. The result is a strange place where parents are too afraid to let their kids play outside in the neighborhood park yet they’ll drive recklessly and commit road rage with their kids in the backseat.
Excite, I believe you are right about the 24/7 news cycle and every single story across the nation is front and center and they milk it for everything they can. Social Media is completely out of control and cell addicts are driving while texting or talking on it constantly and they expect instant gratification in all their dealings.
I think there is a lot to be said for this point of view. When I was growing up I went door to door after snow storms looking to make a few bucks by shoveling my neighbors out. I went door to door selling Christmas cards (learned that selling Christmas cards in July in a Jewish neighborhood is not easy). We played our own games without adults, and learned to settle our own differences. A lot of what I have done as an adult had its roots during my confident-pain-in-the-ass childhood, where I was given the freedom to try things on my own, without my parents hovering over my shoulder. The endless emphasis on bad news has caused us to coddle our kids, and not surprisingly left them unprepared as future entrepreneurs.
“learned that selling Christmas cards in July in a Jewish neighborhood is not easy.” Hahahaha, that’s hilarious (I’m Jewish so hopefully that didn’t come across as anti-semetic :) Sorry I’m not adding to the conversation, but that comment made me literally laugh out loud.
Wally, there is a terrific organization in this country right that helps kids grow up and be responsible. It is called The First Tee.org. This fine endeavor is sponsored by the PGA Tour and many corporations and has chapters all over the country. Following are their core principles:
Honesty
Integrity
Sportsmanship
Respect
Confidence
Responsibility
Perserverance
Courtesy
Judgment
Life Skills are also taught like – How to manage emotions, how to set goals, how to resolve conflicts, how to communicate with others. They are also taught golf as well, but the big winner is the life skills. Participants unanimously identified school as a setting in which they transferred life skills. 73% reported high confidence in their ability to do well academically. 82% felt confident in their social skills with peers. 57% credited The First Tee for their meeting and greeting skills. 52% credited the program for their ability to appreciate diversity.
These kids often come from disadvantaged homes where these skills are not taught by parents and they certainly don’t get it in school. I support the local chapter with clubs and money and will continue to do so. If we can influence hundreds of thousands of kids to know right from wrong, they will grow up to be successful citizens. They could be the difference makers in the near future.
Leave it to the Progressive trolls on this site to downthumb a positive message like this. They were obviously not taught right from wrong.
you were obviously not taught that if you have nothing nice to say, you shouldn’t say anything
Agent,
For all you KNOW, not suspect, it was the Conservatives who thumbed this down.
Yeah, Agent, I actually thumbed you up and I don’t usually ever thumb up or down. The First Tee is a great organization and I donate to them often. We agree – holy cow!