Empowering Children - Where to draw the line?

Varni posted this thought-provoking parenting question on educatorslog.in that applies to many of us who are parents and teachers here.

She has posted a fantastic TED Talk by Gever Tully (of the Tinkering School) in which he talks about 5 dangerous things we should allow our kids to do. A must-see!

Would be great to hear what others here feel about how protective we should be of our growing kids, and how far we should go to empower our children to experiment with (potentially dangerous) stuff and venture out on their own. (Please feel free to post comments on educatorslog.in too!).

Cheers,
Shuchi