A Low-Trust Society Is an Impoverished Society

The sole remaining reservoirs of trust in American life are personal networks, local enterprises and local institutions.

It's not exactly news that social trust has declined significantly in the United States. Surveys find that public trust in institutions and the professional classes that dominate those institutions has cratered. (see chart below) Social trust--our confidence that other people are trustworthy--has also fallen to multi-decade lows.

This was not the case in…