Share on Google Plus Share on Twitter Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend

Printer Friendly Page Save As Favorite View Favorites (# of views)   4 comments

No Honor System for Banks: Why the Blind Trust in a Free-Trade Honor System?

Quicklink submitted By   Follow Me on Twitter     Message Hugh Campbell     Permalink
Related Topic(s): ; ; ; ; , Add Tags

View Ratings | Rate It

opednews.com Headlined to H3 10/25/13

Replace Insecure https://www.opednews.com/populum/uploaded/cnbc-28314544-fingers_crossed-20131024-268.jpg
Copyrighted Image? DMCA
This article highlights that honor systems don't work, at least with banks and the general public tends to ignore complicated things. With global trade, these points apply in spades. With its little proactive enforcement and where the WTO's (the fox guarding the hen house) goal is unbridled growth, lacking any interest in the quality of trade.

The article goes on to emphasize the importance of context (community) and culture (trust vs. suspicion) to an honor system. If as pointed out "the universal banks have created a context and culture that is closer to the used car lot than it is to the fruit stand. What higher bar is there in the global trade arena? An arena that fosters virtually no sense of community and is fertile ground for suspicion to trump trust. That said, why does America's bipartisan political elite have such blind trust in the honor system they call free-trade?

Read the rest of the story HERE:

At www.cnbc.com

- Advertisement -
- Advertisement -