In Great Riches and Low Theft, the author makes the point:
It’s an odd fact that our capitalist system–our brutal, unsentimental, Darwinian, sink-or-swim system–relies almost entirely on its protaganists’ ethical behavior to function. Our entire economy relies on trust. You probably don’t think about this much. Most people don’t think about it at all. I think about it a lot. What I do–what all VCs do–would not be possible without the honest behavior of an overwhelming majority of founders. If even 10% of founders decided to start cannily lying the entire startup ecosystem would come tumbling down shockingly quickly.
Chuckles makes the point that it’s never about anything BUT trust and that is so. My stepfather had a printing business and it turned around his not taking on the impossible – something done by yesterday – but on doing jobs smartly and properly by the date and time stated. His whole business was predicated on that.
The criminals in Washington and London have no concept of that. They are not capitalists in the sense of loving the system as best for all but are predatory sharks, global socialists who see themselves at the top, subject to no rules and regulations. They are an entirely different species to my stepfather.
Filed under: Chuckles