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This is wrong. High trust societies where individuals can be expected to fulfill their obligations tend to prosper. Low trust societies where individuals canno
by harryh 6y ago
This is wrong.
High trust societies where individuals can be expected to fulfill their obligations tend to prosper. Low trust societies where individuals cannot be trusted in this way tend to languish.
Paying back debts according to an agreed upon timetable is one of the important ways that high trust societies are built.
- lupire 6y agoThe Mortgage Bankers Association defaulted on its mortgage. Everyone from the bankers themselves to the POTUS knows that paying off debts is only for suckers. Let the billionaires pay their debts and their taxes first. https://en.wikipedia.org/wiki/Mortgage_Bankers_Association#Default_on_headquarters_loan https://en.wikipedia.org/wiki/Mortgage_Bankers_Association#D...
- Woberto 6y agoWhich is why our society is languishing