Risk economy
From Wikipedia, the free encyclopedia
 |
The neutrality and factual accuracy of this article are disputed. Please see the relevant discussion on the talk page. (March 2008) |
In economics, the term risk economy refers to the nature of an economy as based in risk, rather than in security. Translated, it refers to the nature of a (typically Capitalist) economy that has limited established economic protectionism or interventionism.
The concept "risk" is controversial, as workers tend to be unorganized and their employment subject to the decision power of elite and corporate executives, forcing the worker base to take the greater burden of any "risk". Hence the term "risk economy" may in fact be a clever euphemism (ie. obfuscation) for "laissez-faire" or "free market" economic models which advocate for weakened social protections for workers as a means to allow increased aristocratic dominance.
 |
This economics or finance-related article is a stub. You can help Wikipedia by expanding it. |
