I think that society would have less ridiculous beauty standards. And I think people would become more humble towards each other; if we see ourselves less, we think less about our looks. We look to the less superficial aspects of life. Hope this helps, I'd write more, but I wouldn't want to rant ;)
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He's using middle English language, and as we read the excerpt, we see that he is speaking more formal
I’m not sure but I think the new banking system