YOU MUST BEGIN WITH A HIGH TRUST POLITY by Bill Joslin I would take the discussi

YOU MUST BEGIN WITH A HIGH TRUST POLITY

by Bill Joslin

I would take the discussion of Trust a step further.

Law and contract eliminate the NEED for trust. However, law and contract that results in this, can only emerge out of a polity that has established high trust in their informal institutions.

(which is why, if you introduce a low trust population into the mix, law shifts from rule of law (system which constrains arbitrary discretion) to rule by law (arbitrary discretion hidden behind a mask of calculation).

The low trust population erodes the informal institutions which results in a demand for formal institutions to fill the gap.