PHI 2397 Study Guide - Quiz Guide: Trust Law
13 Apr 2020
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Carr: very similar to friedman"s model, business is like poker, the only way poker works is through competition and following those rules. It doesnt work through being the nice guy or helping someone else: business will fall apart, his view is like playing against your team, it contradicts itself. Norman: why are these people fighting each other when they should be supporting each other for the better prosperity of competition in the firm. Frankel: trust is elementary and foundational in a competitive capitalistic system, you can come out with regulations and laws to regulat the economy, but its still not.
