Corruption is like acid to a High Trust Democracy. When cheating becomes naked, obvious and there is no pushback, no justice, it unleashes a corrosive force. The circles of cheating spread like ripples on a pond and cheating-feedback waves grow until turbulence consumes everything, and there is no peace or clarity left. Under the surface, the acid spreads, changing the chemistry for every reaction.
First the politicians who were tempted to cheat, but feared exposure, realize they can get away with it (or certain flavours of it). Billionaires and corporate powers who didn’t play the game realize they need to toss some money in the pot.
Then the intrinsically honest politicians watching them start to wonder if there is much point in being honest. The honest businessmen realize they will be left behind if they don’t put hot cash in the right hand.
Trust is the grease that makes Western economies the powerhouses of the world. There will never be enough police, enough auditors or enough spies to catch all the cheaters if everyone breaks the rules.
Quickly, the phase change from High Trust to Banana-Republic flips the mostly good to the mostly self-serving like a domino race. Trust is […]
December 18, 2020 at 12:21AM