Economic systems work better when there's an extreme...

Economic systems work better when there's an extreme reliability ethos. And the traditional way to get a reliability ethos, at least in past generations in America, was through religion. The religions instilled guilt. ... And this guilt, derived from religion, has been a huge driver of a reliability ethos, which has been very helpful to economic outcomes for man.

Charlie Munger Quote About Past, Men, Ethos: Economic Systems Work Better When...

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