The new mixed economy looks...for a synergy between public and private sectors.

High-consequence risks form one particular segment of the generalised 'climate of risk' characteristic of late modernity - one characterised by regular shifts in knowledge-claims as mediated by expert systems.

High-consequence risks have a distinctive quality. The more calamitous the hazards they involve, the less we have any real experience of what we risk: for if things 'go wrong', it is already too late.

[C]ultivated risk-taking represents an 'experiment with trust' (in the sense of basic trust) which consequently has implications for an individual's self-identity. (...) In cultivated risk-taking, the encounter with danger and its resolution are bound up in the same activity, whereas in other consequential settings the payoff of chosen strategies may not be seen for years afterwards.

The risk climate of modernity is thus unsettling for everyone: no one escapes.

The new mixed economy looks...for a synergy between public and private sectors.

The sustaining of life, in a bodily sense as well as in the sense of psychological health, is inherently subject to risk.