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From the article: It is much more difficult to be a fraudster in a society in which people only do business with relatives, or where commerce is based on famil
by PaulAJ 8y ago
From the article:
It is much more difficult to be a fraudster in a society in which people only do business with relatives, or where commerce is based on family networks going back centuries. It is much easier to carry out a securities fraud in a market where dishonesty is the rare exception rather than the everyday rule.
I don't think thats the case. The skillsets are different, but fraud happens just as much in societies which depend on inter-personal trust. https://www.cbsnews.com/news/ohio-man-sentenced-in-17-million-amish-fraud-case/ https://www.cbsnews.com/news/ohio-man-sentenced-in-17-millio... http://amishamerica.com/amish-investors-lose-3-9m-in-alleged-investment-scam/ http://amishamerica.com/amish-investors-lose-3-9m-in-alleged...
- coldtea 8y agoIt's not about happening, it's about happening "just as much". A couple of Amish examples don't prove that. Not to mention that the guy was Amish, but not necessarily part of the communities that invested, in the sense of the article.