Madam, – Michael Casey, reviewing The Company of Strangers: A Natural History of Economic Life(Business, July 26th), reads that evolutionary theorists believe the murder of 20 million Congolese by Belgian colonists was not down to imperialism but due to an evolutionary failure to develop sufficient trust in strangers. And yet the remainder of that day’s business pages are replete with the most touching examples of misplaced trust. We learn from Wolfgang Munchau that the strategy behind the recently completed stress tests (grade inflation for banks) was premised on the assumption of an innocent trust in the results by investors and the public, validated apparently by your reports of a positive response from “the markets”.
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