The modern world operates on trust. Every single one of us has trust in our currency. If we did not that no one would be willing to do work or give goods in exchange for currency.
The recent phenomenon of people not being willing to trust the news media and of politicians like Donald Trump purposefully telling lies to further an agenda goal is incredibly dangerous.
Morals and laws enforcing honesty are incredibly important. I am afraid we are going to lose our modern civilization due to erosion of trust.