improvidence

Two key factors in the SVB disaster can’t be overlooked: The incompetence of the bank’s management and the improvidence of its customers.

Travel magazine wrote, “The Osage Indian is today the prince of spendthrifts. Judged by his improvidence, the Prodigal Son was simply a frugal person with an inherent fondness for husks.”

In 1834, a Royal Commission issued a report insisting that poverty was almost always a result of “fraud, indolence or improvidence.”

“They really just don’t save, and all these personal behaviors translate into international policy. Climate is another indicator of improvidence and lack of empathy — they don’t care really care about the environment, just about themselves.”

It strikes me, in my middle-class solipsism, that there is gross improvidence in some of these arrangements.