Comment on Paying consumer debts is basically optional in the United StatesparentComments−commonlisp943ythey rely on the social norms of a societyNorms like being honest and not stealing? society gets really expensive and unfriendly when we have to use enforcement instead of norms.−YeBanKo3yCan confirm. Cost of transactions in trust-less societies is a very heavy burden. Also, it goes hand in hand with corruption.
Comments
Norms like being honest and not stealing? society gets really expensive and unfriendly when we have to use enforcement instead of norms.
Can confirm. Cost of transactions in trust-less societies is a very heavy burden. Also, it goes hand in hand with corruption.