Friday, September 23, 2011

The Honesty Factor

I don't think we could have had a nicer autumn morning. Just the prettiest morning even though I was having a difficult time warming my feet. It soon became a picture perfect day.

As soon as I learned that someone else was picking the colt up in Texas I gave a sigh of relief. I used to love hauling the horses interstate, but today all of my joints hurt too much to be sat behind the wheel of a rig for hours.
Fridays are always slow for me. The horse shoer was supposed to arrive.. but never did. I checked on my youngest daughter to make sure she was as good as can be expected under the circumstances and ran to Ruidoso to pick up some cleaning supplies.

The instability in the present economy is the worst I have ever seen, and I have gone through some recessions that hit the horse industry very hard.
Because I see the total destructive nature of dishonest behavior, because I feel the lack of caring for the victims of crime, it didn't surprise me at all to read this article in the Christian Monitor.

The Honesty Factor In Reviving The Economy

Researchers who study honesty in societies have just found a gold mine of virtue in Japan.

In the seven months since an earthquake and tsunami destroyed entire Japanese communities, some $78 million in cash has been found in the piles of debris. Most was returned to the rightful owners. In one case, as reported by the Los Angeles Times, a woman found a purse with $26,000 in yen notes and turned it in.

Japan’s culture of honesty is well known and helps account for that country’s past economic success. In Tokyo,experiments are often conducted by leaving wallets filled with cash around the city and then counting how many wallets are returned, along with the money. The numbers are astonishingly high.

Such lessons in honesty are important as America and Europe try to recover from their economic woes. In large part, those woes were caused by giant lapses in honesty.

In America’s case, the recent housing bubble was driven in part by people who lied about their finances to obtain home mortgages or who knew they had little chance of paying them back. Equally bad, these “liar’s loans” were then knowingly sold to investors by agents who knew such mortgages were “toxic.” Even now, many banks are reluctant to admit the real value of their mortgage assets – a big uncertainty that hangs over financial markets.

In Europe, the great fib occurred in Greece. It cooked its books on its fiscal deficit.

When it joined the euro community over a decade ago, Greece promised to follow the rule of not letting its deficit exceed 3 percent of its gross domestic product. But it lied to foreign investors, such as French banks. Its deficit was three times that amount.

Fortunately, when George Papandreou became prime minister in 2009, he exposed the lie. And he has worked to restore transparency in Greece’s accounting.

A similar cleansing is under way in the United States as the 2010 Dodd-Frank Act forces both homeowners and the mortgage industry to become more open and honest about borrowing. Those liar loans, for example, are disappearing with the law’s requirement that agents who bundle mortgages for investors must retain at least 5 percent of the assets.

Honesty is a key measure of the “social capital” essential to a healthy economy. Numerous studies show successful economies rely on people going beyond simply being honest out of fear of being caught or because of incentives to be honest. “Unselfish” honesty in which people act out of principle is also significant. It leads to more personal cooperation and fewer legal contracts. It allows greater efficiency and creativity.

Using the World Values Survey, researchers find a direct link between economic well-being and a society’s level of trust between individuals. In the US, trustworthiness has been in decline over recent decades, according to studies.

While more regulation may force honest behavior in the economy, it can also burden progress by creating disincentives for creating new jobs and new businesses. A proper balance is needed.

America and Europe must work harder on their “honesty deficit” as well as solve the more obvious economic problems. Japan’s post-tsunami display of honesty is a reminder of how much that virtue is a glue for society as well as a driver for growth.

The only thing left for me to do is to plead to the family members of Robert Huckins to intervene. If that be Michael Huckins, Dr.Kenneth Ogilvie ( Diana Huckins? Dominic Huckins? Malcolm Huckins? ) or Patricia Ogilvie-Huckins. If you would be caring enough, and humane enough to do so, please make your brother, son, cousin return the entire building fund he stole from us so that I can buy a home. I simply can't go on homeless. It is already September 2011 and my nerves are in shambles after over 3 years of hell, that should never have been allowed. I am devastated at the loss of my mother, my career, my home and all I want is what we have paid honest money for - and I beg for your mercy.

Today Robert Huckins has his own home...
He also has OUR home.....
He also has a lot of people's money...
And his freedom.

No women should be abused to this degree. I am homeless and I want to see my mum and return to my career, so I won't stop asking if I have to ask every single day until I die. Robert Huckins gave no-one an alternative, so I plead with sincerity for your mercy and intervention. The conception of worth, that each person is an end per se, is not a mere abstraction. Our interest in it is not merely academic. Every outcry against the oppression of some people by other people, or against what is morally hideous is the affirmation of the principle that a human being as such is not to be violated. A human being is not to be handled as a tool but is to be respected and revered. [From: An Ethical Philosophy of Life] ~Felix Adler