Au contraire, when your life is on the edge all the time, people have every incentive to cling to whatever they have, and
never change, because you have one mistake or accident and your life is screwed.
Case in point: USA has a very well-developed bankruptcy system. Losing a business frequently means your business debts are absolved and you can start anew. One may think that such a system will encourage people to throw money at bad decisions: however, a bigger effect is that people are encouraged to cut the loss at a reasonable point and start a new business, because you can take calculated risks.
There are (or used to be) arcane economic systems based upon the reverse principle: if your business fails your life is ruined, so you have every incentive to stick to it until the bitter end, using up every resource, including your personal money, your family money, and your relatives' money. (South Korea used to be like that.) And guess what? It didn't bring more successful businesses, just more suffering.