Trust no one with your money [or health] is the tragic legacy of the crisis

by Julia Evans on January 18, 2012

[Crisis in Health: Government implementation of NICE, Skills for Health, HPC, CHRE & closure of NHS provision in favour of contracted-out services ‘scientifically’ evaluated.]

 

Quote from ‘Trust no one with your money is the tragic legacy of the crisis’ by Satyajit Das, www.ft.com, Financial Times, January 18th 2012 and available here.

 

‘The first casualty of war is said to be the truth but, in financial crises, it is trust that dies.  While the after-effects of the recent crisis are constantly debaated, this deeper issue remains unaddressed.

Paul Seabright, a professor at the Toulouse School of Economics, has identified traits that underpin social systems such as money: the capacity to weigh up the costs and benefits of trusting others and the instinct to return favours in kind or seek revenge when trust is betrayed. When it is working well, the system enables strangers to safely deal with each other. But this fragile system, on which the global economy depends, is now at risk of failing.

Money, a mechanism of exchange and a store of value, galvanised modern economies. Debasement of currencies through quantitive easing and artificially low interest rates undermine these functions.’

 

 

Why do I bring this to your attention?

In order to cure, the talking therapies work within relationships of trust between human-beings.  The Government’s procedures obliterate that trust or deny it exists.  It is almost impossible to restore trust once it is blown. So disturbed and suffering human-BEINGS, return favours in kind or seek revenge.  Ecce, the riots & much else…