"Our life within human societies, even the simplest acts of everyday life, is based on that: the one who assumes risk is rewarded. More specifically, our base is the following simple rule: Big risk? Big profits. Small risk? Small profit. No risk? No profits. Someone who is taking a big risk and is vindicated, is also winning the bet. It is logical to enjoy the most in rewarding effort. Similarly, someone who is not taking risks, can not expect to have the same reward with someone who takes risks and wins.
Recently Constantine Mitsotakis (former Greek Prime Minister) said that the average public servant gets 40% more than the average worker in the private sector without the risk of redundancy and stress involved. But why someone has more security, more income and generally better working conditionns since he takes no risk? The answer is that it should not. This is against the laws of nature.
In the wild, the reward for the risk taken by the predator is a full stomach. If the predator does not take the risk to catch its prey, will die of malnutrition. In nature, the reward is food, in society is the financial reward. Similarly, when a society does not take risks fails. Stays "behind" from others on spiritual, cultural, political, technological, and above all economically.
A society that does not assume risk is staying behind and can not monitor the developments. Is incapable to understand new processes, new concepts and new social trends. Because among other things, risk means also innovation. If you don't risk, you stand back as far as reporting on innovation. Innovation, however, is what determines the difference between products and services with high added value products and simple commodity production. Have no doubt that the main reason for the decline in competitiveness in recent years in Greece has to do with the complete absence of risk in our society, which is reflected in our financial performance.
The main problem in our country is precisely this imbalance. The fact that they have overturned the laws of nature governing the reward in relation to the risk. It is unnatural and counter someone who is in the public sector to get more from someone in the private sector. Reverses the physical laws and do harm to society and all.
This mindset, however, has expanded throughout the Greek society, and so the market itself does not take risks. No big Greek company has invested money in order to produce something new. All major investments in Greece have to do with government policies. First you take the job and then invest money. Nobody takes the risk to create something from scratch. Investing in Greece means something sure, and the equation has not unknown variables.
Also, because of corruption and special relations with many political leadership, most peolpe are discouraged because the game is hike . Very simply, the risk-taking is contraindicated.
Unlike, in America, venture capital is the norm. Billions of dollars invested annually in new ideas and dubious business moves. Most of these ideas fail and investors lose their money. But this is acceptable because, for each investment that goes well, investors earn more than enough to cover the loss from other failed attempts. Also, research and development (including the failed efforts) remains as a reserve in the balance sheet of U.S. research.
The Greek society, although wants to be called progressive, is extremely conservative. Taking no risk is not only a characteristic of the business arena. The hypocrisy of the political leadership over the years who does't want to recognize foreign university degrees for example, is another element that indicates the isolationism and conservatism in our society.
The fact that the Greeks vote for both major political parties and refuse to experiment with new faces, but insist on a handful of politicians (or descendants of major families) is another sign of not taking risk. The question is why the Greek society is so conservative towards risks? Greek society is unwilling to take risks because it has learned that the risk is not rewarded in Greece. The overregulation, the outdated legal framework (Public Limited Company Act of 1920 for example) and above all the corrupt and inefficient judicial system does not guarantee that those who bear risk, wins and enjoys the fruit of his efforts.
The conclusion is that the salaries in the public sector are higher than wages in the private sector, conservatism and risk avoidance continues to be the main feature of Greek society. As long as we avoid risk, experiment and invest in innovation, we will stay behind socially, and above all economically. "
Conclusions are yours...