No, just a value-neutral financial instrument such as escrow. If two people can fight or trade, but they can’t trade, because they don’t trust each other, they’ll fight. That loses out on gains from trade, and one of them ends up dead. But once you invent escrow, there’s suddenly, in many cases, an option to do the trade after all, and both can live!
No, just a value-neutral financial instrument such as escrow. If two people can fight or trade, but they can’t trade, because they don’t trust each other, they’ll fight. That loses out on gains from trade, and one of them ends up dead. But once you invent escrow, there’s suddenly, in many cases, an option to do the trade after all, and both can live!