(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

[hammercock.livejournal.com]

Think about relationships; the way to regain trust is for the person who abused it to then learn to act consistently in a trustworthy manner. What would it mean for the government and banking system to act trustworthily again? Certainly not stuff like AIG employees taking bailout money and having a fucking party with it! Y'know, for instance.