Trust... What would we be without it?

[High Haven]

Trust is the basis of our systems of government, our financial institutions and our personal relationships and yet despite the world being run on trust trust seems increasingly absent from our everyday lives as those around us become increasingly paranoid and untrusting... how can a system based on trust survive without it?

My own views are such that a certain degree of trust must be present for any system of government (Yes even a libertarian one) to function... but with growing distrust in politicians and financial systems how can the present systems based on trust continue? and if they cant how can we reform the system to make it survive in such an untrusting world? And can a system where paranoia is the norm even exist? (Ayn Rand doesnt count... thats not a stable system of government)

[Khadgar]

Why precisely is trust necessary?

[High Haven]

Why precisely is trust necessary?

We put our money in the bank, we expect to see it in the future, we elect politicians who we expect to serve us... without some degree of trust everything would go to shit.

[Jetan]

Trust is not the basis of our governing systems, law is. Infact our basis is that people cannot be trusted, that's what laws are for.

[Daynor]

Why precisely is trust necessary?

We put our money in the bank, we expect to see it in the future, we elect politicians who we expect to serve us... without some degree of trust everything would go to shit.

Only if the distrust somehow effected our sheepish and predictable behaviour would it be a problem for the banks.

I don't think anyone in their right mind has expected their congressman or congresswoman to serve them and not the corporations that bought them in a while.

[Khadgar]

Why precisely is trust necessary?

We put our money in the bank, we expect to see it in the future, we elect politicians who we expect to serve us... without some degree of trust everything would go to shit.

I put money in the bank because it's insured. I don't trust the bank as far as I can throw the building. Hell I don't even trust that the insurance will be paid if things go to shit. It's just impractical and frankly stupid to leave piles of cash lying around.

I don't actually trust anyone. There's no reason to.

[The Land Fomerly Known as Ligerplace]

We put our money in the bank, we expect to see it in the future, we elect politicians who we expect to serve us... without some degree of trust everything would go to shit.

I put money in the bank because it's insured. I don't trust the bank as far as I can throw the building. Hell I don't even trust that the insurance will be paid if things go to shit. It's just impractical and frankly stupid to leave piles of cash lying around.

I don't actually trust anyone. There's no reason to.

Sex.

Unless you're a bondage fan.

[Khadgar]

I put money in the bank because it's insured. I don't trust the bank as far as I can throw the building. Hell I don't even trust that the insurance will be paid if things go to shit. It's just impractical and frankly stupid to leave piles of cash lying around.

I don't actually trust anyone. There's no reason to.

Sex.

Unless you're a bondage fan.

Bondage requires trust, regular sex, not so much.

[Sibirsky]

Why precisely is trust necessary?

To conduct just about any transaction in a more efficient manner?

[The Land Fomerly Known as Ligerplace]

Sex.

Unless you're a bondage fan.

Bondage requires trust, regular sex, not so much.

Not if your a top.

[Khadgar]

Why precisely is trust necessary?

To conduct just about any transaction in a more efficient manner?

You trust car salesmen, insurance salesmen, tradesmen and physicians? You never double check them? What the hell for?

[The Land Fomerly Known as Ligerplace]

To conduct just about any transaction in a more efficient manner?

You trust car salesmen, insurance salesmen, tradesmen and physicians? You never double check them? What the hell for?

You trust that they won't kill you withing a 10 foot radius, but that might be over the line we're discussing.

[Congotar]

ahh where i live you cant really trust anyone..

[High Haven]

Why precisely is trust necessary?

To conduct just about any transaction in a more efficient manner?

Precisely what i'm getting at... Without trust everyone would be double and triple checking/thinking through everything and nothing would ever get done quickly and the financial system would collapse due to bank runs and a lack of lending.

[Khadgar]

To conduct just about any transaction in a more efficient manner?

Precisely what i'm getting at... Without trust everyone would be double and triple checking/thinking through everything and nothing would ever get done quickly and the financial system would collapse due to bank runs and a lack of lending.

Given the way the financial industry runs, you really shouldn't trust them, at all, ever. Surely the last several years have proven that.

[Sibirsky]

We put our money in the bank, we expect to see it in the future, we elect politicians who we expect to serve us... without some degree of trust everything would go to shit.

I put money in the bank because it's insured. I don't trust the bank as far as I can throw the building. Hell I don't even trust that the insurance will be paid if things go to shit. It's just impractical and frankly stupid to leave piles of cash lying around.

I don't actually trust anyone. There's no reason to.

Do you trust, basic math?

Without deposit "insurance" banks would fail, if they were a target of bank runs. The death penalty, is a pretty damn large deterrent.

Meanwhile, your "insurance" agency has... a deposit insurance fund of $18 billion, "insuring" $14.5 trillion in deposits. And you trust that?

[The Land Fomerly Known as Ligerplace]

Precisely what i'm getting at... Without trust everyone would be double and triple checking/thinking through everything and nothing would ever get done quickly and the financial system would collapse due to bank runs and a lack of lending.

Given the way the financial industry runs, you really shouldn't trust them, at all, ever. Surely the last several years have proven that.

So America is a RL EVE Online?

[Sibirsky]

To conduct just about any transaction in a more efficient manner?

You trust car salesmen, insurance salesmen, tradesmen and physicians? You never double check them? What the hell for?

You can link to where I said I trust used car salesmen, correct?

[Sibirsky]

Precisely what i'm getting at... Without trust everyone would be double and triple checking/thinking through everything and nothing would ever get done quickly and the financial system would collapse due to bank runs and a lack of lending.

Given the way the financial industry runs, you really shouldn't trust them, at all, ever. Surely the last several years have proven that.

The last several years have proven that governments cannot be trusted. That governments care more about banks than taxpayers. That governments, will create massive moral hazard no matter the cost.

And yes, when banks are encouraged to do stupid shit, by the government, they will.

[Khadgar]

You trust car salesmen, insurance salesmen, tradesmen and physicians? You never double check them? What the hell for?

You can link to where I said I trust used car salesmen, correct?

You said "Just about any transaction" I listed the first half dozen common ones I thought of. Clearly your definition of Most has a lot of caveats.

[East Williamsburg]

Sibirsky,

Its not like we'll ever run out of money. The government can print more of it.

[The Land Fomerly Known as Ligerplace]

Sibirsky,

Its not like we'll ever run out of money. The government can print more of it.

Inflation.

That is all.

[Camelza]

Trust... meh.
Love is the correct feeling.

[Sibirsky]

You can link to where I said I trust used car salesmen, correct?

You said "Just about any transaction" I listed the first half dozen common ones I thought of. Clearly your definition of Most has a lot of caveats.

Bullshit.

Buying a car, insurance, or seeing a doctor for a somewhat invasive procedure is not common.

Buying a fucking soda, and a bag of chips, is a common transaction.

I trust, that when I hand the cashier a $20, for a total purchase of $6.42, I will get $13.58 in change, and I do not need to pay upfront, before even being able to touch any of my purchases.

The average car, is 7 years old. 1 transaction over 7 years is not common.

[Sibirsky]

Sibirsky,

Its not like we'll ever run out of money. The government can print more of it.

Because that is without consequences.