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Yep. It's a question of liquidity, not trust. People are naturally inclined to do the right thing if they have enough to cover their basic needs. At least a vas
by Inthenameofmine 10y ago
Yep. It's a question of liquidity, not trust. People are naturally inclined to do the right thing if they have enough to cover their basic needs. At least a vast majority, sufficient to survive free riders.
A good example of this is how people in developing countries very often will.give a huge chunk of their income to close family members in need, something that rarely happens to such an extend in developed countries. The trust is there, but liquidity and enforcement is not possible beyond close family/clan.