Category 1. American Culture

The Old Continent(s?)

At present, I am sitting in the bar of an old hotel in Lisbon, nursing a drink while my beloved has a pot of tea. Over the last couple of days, we have walked all over this city.

Europe is the cradle of Western Civilization; it is breathtakingly beautiful and its inhabitants have refined the enjoyment of life’s physical delights to a high art. Even so, its present state saddens me: Europe is tired.

For those who have money and live here or, like us, are just passing through, life is still beautiful, but whole countries look backward with nostalgia and forward with concern.

Europe’s native populations have opted for the illusions of security – personal and societal – provided by their local governments and the EU – over grander visions and more sustaining values.

For most Western Europeans,...

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Trust

Trust is far more important than law.

Think of it: how many times have you sued somebody, or been sued? Have you ever been arrested? Each of us interacts with many others in numerous ways every day, and recourse to the law is exceptionally rare. Our actions may be constrained by certain laws; but usually they are far more limited by the expectations of those with whom we are dealing.

If you were unwilling to trust others, it would be next to impossible to accomplish anything. Once, when I was a young banker, I was asked to hand deliver a package containing $10 million in fully negotiable securities to a major corporate customer...

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