According to Osho, a renunciation-based world would not breed mutual respect but a hierarchy of reverence measured by how much pain one can endure. The 'lesser' renouncer bows to the 'greater,' reproducing the same egoic competition. Valuing suffering itself is a morbid error; it rewards self-torture and perpetuates unhealthy, compassionless standards rather than genuine respect grounded in awareness and joy.
No—people would only admire whoever hurts themselves more, which is a sick game, not true respect.