Megan McArdle has been pushing the importance of failure, and bemoaning cultural shifts away from taking failure-prone risks. In her estimation, children are being drilled into total conformity from a young age, steered by overly concerned parents toward high-success paths that leave little room for creative deviations from the norm. In the long run, McArdle suggests, this is bad for society because it will reduce innovation and the social benefits that flow from it.
But while McCardle somewhat glibly celebrates failure, the reality of deep failure in America is stark. Unlike elsewhere in the developed world, being at or near the bottom of American society entails extraordinary misery. Poverty, food insecurity, homelessness, instability, and a general lack of a livable social floor means that the consequences of truly failing in the U.S. are rather horrific.
— Matt Bruenig, in If you want kids to fail, stop making failure so horrible