Where risk is known to be risk, it is experienced differently from circumstances in which notions of fortuna prevail. To recognise the existence of a risk or set of risks is to accept not just the possibility that things might go wrong, but that this possibility cannot be eliminated. The phenomenology of such a situation is part of the cultural experience of modernity in general, discussed in more detail below. Even where the hold of traditional religion becomes relaxed, however, conceptions of fate do not wholly disappear. Precisely where risks are greatest—either in terms of the perceived probability that an unwelcome happening will occur or in terms of the devastating consequences that ensue if a given event goes awry—fortuna tends to return.

QUESTION: Modernity's risk framing coexists with fate; where exactly does the boundary between them break down in practice?

Anthony Giddens, The Consequences of Moderni…, loc. 264