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No technology can completely eradicate fraud and human deceit, but I believe technology can make operations more transparent and systems more accountable. To illustrate this point, let's look back at the mortgage crisis of 2008.
We might be privileged in a lot of ways but not when it comes to our financial situations. Compare us to the actual poor layer of society and yes, we are "entitled and spoiled." But compare us to our counterparts in developed countries who don't work half as much as we do or are half as qualified as we are, but are paid a fortune, then no, we are not "entitled and spoiled", we are helpless.
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At an extrinsic level the instances I describe might be viewed as isolated cases of individual unscrupulousness/failure/misplaced ambitions. But dig deeper and these stories are a reflection of an irreparable rot that has infested corporate culture. It's a world where irrational demands and insatiable expectations of abnormally high profits make people do things that are outside the bounds of propriety.
WASHINGTON, - Mediocre economic growth could become the "new reality," leaving millions stuck without jobs and increasing the risks to global financial stability, the head of the International Monetar...