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Trust is essential for societal progress from "summary" of The Rational Optimist by Matt Ridley
Trust is the foundation upon which progress is built. Without trust, societies cannot function efficiently. When individuals trust one another, they are able to cooperate more effectively. Trust enables people to work together towards common goals, leading to innovation and advancement. In a society where trust is lacking, progress is stunted, as individuals are more likely to act in their own self-interest rather than for the greater good. Trust is essential for trade to flourish. When individuals trust that they will receive fair value for their goods or services, they are more willing to engage in transactions. This leads to economic growth and prosperity for all members of society. Without trust, trade becomes risky and unpredictable, hindering economic development. Trust allows for specialization and the division of labor, leading to inc...
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