Why is it that, for the most part, we go about our lives without a second thought of getting knifed or robbed? Because the vast majority of people have some kind of moral compass. Do 99.9999999% of the people who ride the subway resist the urge to murder someone because they’re afraid of being caught and sent to jail? A tiny proportion, perhaps. But nearly all don’t do it because they know it’s wrong.
If we have a distrust of people (or lack of faith), why aren’t we more concerned about handing over massive power to a tiny minority? If people are inherently bad, or can’t be trusted, the last thing we'd want is concentration of power.
~ Kevin Duffy, Bearing Asset Management, November 5, 2004