The only risks that are left are risks that everyone shares, so you would see planet-wide risks expressing themselves in consumption, but nothing else.

唯一剩下的风险,就是每人分担的那些风险，所以你会看到全球的市场风险,以消费的形式表现出来，再无其他。

耶鲁公开课 - 金融市场课程节选

So, people naturally and spontaneously make arrangements to share risks.

所以，人们自发的,商定共同分担风险。

耶鲁公开课 - 金融市场课程节选