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lmz • today at 7:31 AM • 1 reply • view on HN

This thread shows the difference between a high and low trust society.


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AnthonyMouse • today at 8:44 AM

A high trust society doesn't cause a monopoly to become efficient. A society where everyone is thinking of the common good is the one where individualism works, because then you have no need for a giant bureaucracy trying to coerce everyone into doing the right thing, since they would do that of their own accord.

But the disadvantage of bureaucratic authoritarianism is even larger in a low-trust society where everyone is in it for themselves, because then you can't trust the bureaucrats not to be corrupt and they're still sitting on a monopoly.

Which is to say, what you always want is a high trust society and what you never want is a monopolist.

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