Comment by carlosjobim
16 days ago
It's amazing. Meanwhile your fellow Europeans wouldn't trust to lend you their power drill for a weekend, even if you've known each other for 30 years.
My European business banks have never offered any kind of line of credit. Of course they probably would if I needed, and went there to grovel and prostrate myself. In contrast, my American business bank just sends unprompted e-mails sometimes asking if I would like to borrow a bunch of money.
American trust is based on rationality and intuition, while European trust is based on rules and authority. That's why business can flourish much more in the USA.
> That's why business can flourish much more in the USA.
And look where that's gotten you.
Indeed!
> In contrast, my American business bank just sends unprompted e-mails sometimes asking if I would like to borrow a bunch of money.
> American trust is based on rationality and intuition
Just remind us where the 2008 subprime crisis started again?
Nah, more like the money is lent out because it's so profitable to exploit americans addicted to debt.