Richard Fernandez
The crisis of confidence in Western institutions can be described as a crisis of morality. The public has discovered that many public figures are shams. The #MeToo sex scandals, the accusations of collaborating with foreign powers, and most recently the Epstein case have undermined the reputation of our social betters. They are perceived are no better than the common clay and probably a good deal worse. This has undermined the trust that formerly allowed them to exercise authority over the public.
Once the realization hits that the Ruling Class is not only worse than the Country Class - but incredibly incompetent - you have a truly revolutionary situation.
What changed was the realization that without morality there is no trust and without trust, nothing works. Unchecked, this will result in a low-trust society where nobody can rely on the formal rules and reliance is placed on nepotism, tribalism, personal loyalty, and threats to transact business at all...
The instability of moral currency [outside of Christianity] combined with the immutable record-keeping of blockchain systems creates the worst of all possible environments: one in which people are irrefutably responsible for acts that may become retroactively reprehensible. Today's hero can easily be tomorrow's racist. You live in fear. Just as money is the measuring stick of economic values a stable morality is the necessary metric of political and social action. Without it, you can have terror but not trust.
A MUST READ.
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