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In the year 2020, it's becoming increasingly impossible to trust anyone to do nearly anything (in my opinion of course). The courts are too expensive. The cult
by quaquaqua1 7y ago
In the year 2020, it's becoming increasingly impossible to trust anyone to do nearly anything (in my opinion of course).
The courts are too expensive. The culture of taking pride in one's work maybe is disappearing.
For the most crucial parts of doing business/living life, we are required to trust someone else. For example, I can't just go and make my own cell phone tower or ICANN.
And yet I can't even trust those entities to get it right.
- specialist 7y agoDecreasing trust increases transaction costs. There's got to be a measurable (negative) economic impact.