Fear of Failure is Vital to the Success of a Free Market Economy
It has become popular, especially in certain fields and among certain crowds, to glorify failure. So-called entrepreneurs and social influencers often brag about their failures. Multinational corporations publish poems encouraging failure. Vapid mottos rejecting the fear of failure are ubiquitous on motivational posters and T-shirts.
These efforts are apparently meant to convey an enterprising spirit and a fearlessness about trying new things in an effort to push the boundaries of a particular field.
While there’s tremendous value in attempting to achieve something worthwhile despite the risk of failure, failure itself is never the goal. And “learning from our failures” is part of the process of success, not an end in itself. Rejecting the fear of failure is not only impossible but harmful to human achievement.
They’re from the Government, and They’re Here to Help
What lies behind the attempt to bypass fear of failure is the perceived lack of any substantial cost to failure. And this lack is precisely why those who spout thes
Article from Mises Wire
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