Read the whole article HERE. Here’s a snip:
“Incivility destroys a community’s capacity to generate wealth.
In a networked, knowledge-driven economy, collaboration drives wealth creation. And collaboration can only thrive in a stable environment of trust. The corrosion of our civil society –– the alarming growth of incivility and pervasive lying –– undercuts our economy’s productivity and our capacity to innovate.
Incivility — fraudulent concealment (“hiding the ball”), lying, manipulation, and associated behaviors — can work well to redistribute wealth. We see almost endless examples from MF Global to the subprime mess. Yet, these behaviors do not generate wealth. Indeed, they erode capitalism’s capacity to generate wealth. That’s why corruption slows economic growth and why trust is associated with higher rates of economic growth.”
Thanks to Tony for the heads up on this great article.