Quotation of the Day…

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… is from page 179 of my colleagues Virgil Storr’s and Ginny Choi’s excellent 2019 book, Do Markets Corrupt Our Morals?:

While everyone appears to equally trust those at a short social distance (i.e. trust in family and neighbors) in both market and nonmarket societies, trust appears to deteriorate as social distance increases and appears to deteriorate quicker in nonmarket societies…. Stated alternatively, people around the world seem to have equally strong core networks, but those living in market societies seem to have stronger periphery networks.