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Ahead Lies Ruin: The Decay of Social Trust

Ahead Lies Ruin: The Decay of Social Trust

Loss of social trust has consequences.

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Charles Hugh Smith
Sep 30, 2024
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Charles Hugh Smith's Substack
Charles Hugh Smith's Substack
Ahead Lies Ruin: The Decay of Social Trust
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There are three solvents of social trust: 1) the self-aggrandizement of insiders; 2) decay of competence, and 3) precarity, generated by soaring inequality / cost of living and the decay of social mobility, all of which erode confidence in the social contract, i.e. our confidence that the system isn't rigged to benefit the few at the expense of the many.

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