(no subject)

[randomness]

Societies do not function without trust.

What is happening now in the markets is what happens when trust--between banks, between companies, between people--disappears.

Nearly fourteen months ago, I posted about fear and suspicion being bad for markets. What I said is just as true now as it was then.

But when trust is gone, how do you get it back?

Comments

[contrariety.livejournal.com]

The government guarantees everything.

[octopussneakers.livejournal.com]

but what if the government is the part you don't trust...Many issues with other countries in the past have been compounded by the government saying we're going to do a (or we're not going to do b) and then not doing a (or doing b), which means that when the government talks about it's actions with respect to c, d ......ZZZZZZ no one believes that's what is going to happen, which often makes it harder to trust that the government is going to do what it says