Hmm, well I'm not Mh but playing Devil's advocate I would observe that with respect to risk aversion trying for a career in entertainment or sports (or playing the lottery) is hugely risky, yet young blacks will often set those professions as a goal. To me this would reflect a "shoot-the-moon" philosophy rather than risk aversion.
Maybe the problem is that the more traditional path of getting an education, working hard and grinding your way up the ladder is held in lower regard? Or, in the case of entrepeneurship (sp?) the traditional way of starting small and growing gradually is disdained?
I firmly believe the path to black success has to come from within, but how to achieve that is another story. Black leadera are not exhorting people to work hard and stop having babies so young. White conservatives (like me) generally seem to be viewed with suspicion and distrust, while white liberals will pretty much echo the black leaders. Black conservatives are often vilified by the press and academia. One other impediment is that a frank discussion on this and other race relations is rarely heard, in fact this board is about the only place I see it.
Ain't that the truth!
Success is regarded as "white," and those who succeed as "race traitors."
Thanks for your thoughtful reply, but I differ with you on this point. IMO, Any kid ... (black, white, polka dotted) that ever grew up with athletic apsirations never gave a moments thought to risk. It's a simple matter of love of the game, love of participation that's the driving force.
Contract greed comes into play much later.