But trust is necessary for the society to run efficiently. High-trust environments are more efficient.
Technically, we can read the banks' financial reports, the executives' background checks, the video recordings of their gold reserves... to decide which banks are less likely to run away with your money. But no one wants to live in such a place.
Technically, we can read the banks' financial reports, the executives' background checks, the video recordings of their gold reserves... to decide which banks are less likely to run away with your money. But no one wants to live in such a place.