Don't think there's anything that can or should be done about it. This is how it's always been and this how it will always be: it's fundamental to humanity.
It is not true that all societies would be equally corrupt, fraudulent or dishonest. They differ due to laws differing, law enforcement differing and culture differing.
This is a cynical take that frankly I find very grating and pointless. “Life’s hard nothing we can do about it.” Just hand waving it away and deciding there’s noting that can be done when there’s plenty we can do, as we have done since we first organized into groups.
>Don't think there's anything that can or should be done about it. This is how it's always been and this how it will always be: it's fundamental to humanity.
Consumer protection laws exist. Laws against murder, stealing, etc. exist. Would you agree we have fewer people taken advantage of and fewer people murdered and stolen from as as a result?
As for saying we shouldn’t do anything…that I can’t make heads or tails of. You want the world to be cutthroat? By choice?
According to Michael Saylor, the value of the dollar halves every ~5 years.
It's still not a great financial decision but if that capital is being utilized well, it may not be so terrible for people with no access to lower apr loans.
I've always hated this "caveat emptor" mentality. It just assumes the seller can't be blamed out the gate, no matter how manipulative or opaque they may have been.
See: the classic memes about fresh army recruits buying expensive cars/truck at 25% APR. There are car dealerships outside of bases that make it their sole mission to separate fresh 18 year old recruits from their money.