Trust is a small-scale phenomenon that institutions must replace to enable large-scale cooperation

Evidence

Indeed, some amount of trust must be present in any complex economic system, and it is far from inconceivable that systems with a higher level of general trust could come about. It would be risky, however, to make higher levels of trust into a cornerstone of economic reform. We may hope that trust will come about as the by-product of a good economic system (and thus make the system even better), but one would be putting the cart before the horse were one to bank on trust, solidarity and altruism as the preconditions for reform. — Diego Gambetta, Trust - Making and Breaking Cooperative…, 2773 (#corroborates, via linked claim)

Categorization

  • XREF: connects to: Institutions substitute for the need to trust in risky interactions; Cooperation is broader than trust and mostly grounded in institutions, not trust.; Institutions substitute for trust by securing trustworthiness coercively. (+14 more)

Broader Connections