Opinion

The Democratic Party’s risk aversion is harming us all

By Michael Barone
Published October 12, 2022 6:25pm ET
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The Democratic Party’s risk aversion is harming us all
A runner passes a school closed sign Friday, April 24, 2020, in Phoenix. It took a decade for Arizona lawmakers to restore much of the school funding they cut in the wake of the Great Recession. Now, education leaders fear a looming recession created by the coronavirus could once again mean reductions in school funding. (AP Photo/Matt York) | (AP Photo/Matt York)

Human beings differ in how much risk they will accept. Thus, as an analyst I quoted in a recent column concluded, Russian President Vladimir Putin “was too risk-acceptant” in invading Ukraine and Chinese leader Xi Jinping “has been too risk-averse” in imposing “zero-COVID” lockdowns.

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