Social trust manifests in all sorts of ways, and it’s often amorphous and difficult to measure. We sense its presence or absence, but exactly what is it? Is it our trust in strangers, or our trust in institutions, or a warm and fuzzy feeling that our society isn’t falling apart? In several critical ways, social trust isn’t warm and fuzzy, it’s all about the money, honey. In high-trust societies, transactions are frictionless and low-cost. In low-trust societies, transactions must go through multiple levels of verification, trusted third-parties, etc., each of which is costly. https://activistpost.com/2024/10/social-trust-its-not-warm-and-fuzzy-its-the-money-honey.html