The Death of Business Integrity?

What happened to the days of 'Integrity' in business? Why do some people dis-honour an agreement based on trust? Don't they realise that integrity and reputation are ALWAYS much more valuable than short term financial gain? Do we really have to go to the extent of creating water tight contracts for EVERY single person we're in business with? Surely business should include a degree of trust? What do you think? Call in or share your views in the live chat room as we explore the root of this problem.