International Journal of Cyber Warfare and Terrorism, 4(1), 19-26, January-March 2014 19
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ABSTRACT
The present essay review propones a new model to understand the nature of risk. The authors hereby argue
that risks help the society to function. Not only the sum-zero risk society is impossible, but also would affect
seriously the economy of capitalist society. Therefore, insurances and risk are inexorably intertwined. The
authors have explored three valid indicators toward the construction of a general-index of risk, which not
only can be homologable to other nations, but also comparable among cultures. Communities may be studied
by their way of perceiving risks. Beyond the debate on if terrorism is or not a risk, the goals of this review is
twofold. Firstly, it is important to explore the economic nature of terrorism to discern their causes. Secondly,
it is necessary to build a valid index that refects how a society feels.
Towards an Index of Fear:
The Role of Capital in Risk´s Construction
Maximiliano E. Korstanje, National University of Quilmes, Buenos Aires, Argentina
Keywords: Capital, Insurance, Risk, Risk Index, Terrorism
INTRODUCTION
Why the whole people fright to the condem-
nation of soul in Middle East, death wakes up
panic in West?, Western Scientifics, concerned
by the vulnerability of aborigines in some lands
near to volcanoes, introduce their technology
to protect future victims. Technology does not
allay these concerns in the aborigine’s view.
Because the introduction of western instrumen-
tality get upset Gods, aborigines not only do
not appreciate the paternalism of West but also
blame to technology of their natural disasters.
An example among many other else led Mary
Douglas, a couple of decades back, to develop
a conceptual framework to confirm is risk is
socially negotiated; in other terms, a social con-
strue which not only bespeaks of the economy
and politics of a society but also gives sense
to the world (Douglas, 1992; Douglas, 2007;
Douglas & Wildavsky, 1983). On this paper, we
explore a new methodology to understand and
measure risk according to specific indicators
such as total prime of insurances, or the coverage
a population demands, even if we compare these
information against the active labor workforce,
we will find interesting results. The outcomes
of this formula infer for a total rate of fear,
which represents the view of society and may
be compared crossing nations and cultures. Our
original belief is that concentration of wealth
is direct proportional to rate of fear.
Risk-related studies focused strictly on the
arithmetic and statistic questions creating big
problems at time of discerning the reasons for
their findings. Although samples are selected
DOI: 10.4018/ijcwt.2014010103