kaal:claim:3709041-014

Trust created by law is often limited because it is only indirectly democratically legitimized, inflexible, untimely, resistant to change, dependent on fallible human centric decision processes, and constrained to human speed.

Legally created trust is often limited as it can be arbitrary because it is only indirectly democratically legitimized, inflexible, untimely, resistant to change, with fallible human-centric decision processes, and human speed.

Kaal, Blockchain Technology for Good (2020), II.1 Transcending Socialism and Capitalism, p. 12
https://ssrn.com/abstract=3709041 · source PDF

Kaal, Blockchain Technology for Good (2020). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3709041

• applies to trust generated by legal guarantees and judicial enforcement

failuresupport: arguedfailure: limits of legally created trustfamily: rule-obsolescence-and-ossificationreputationlaw-and-legal-systemscomplianceinstitutional-design

• restated_by kaal:claim:3808867-010 Legally created trust is limited because it is only indirectly democratically legitimized, and is therefore ar...

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