Monday, June 12, 2017
Book Review: Francis Fukuyama Trust
Why are some societies more economically successful than others? It is an age old question and Francis Fukuyama believes the issue is trust.
Find his book here.
Trust allows larger scale economic enterprises beyond the immediate family. But how does this occur? Fukuyama argues that large private organizations like guilds or church based civic Associations are key. If the state replaces these organizations, trust withers. Somewhat confusingly the author argues that individual rights taken to an extreme are also to blame. Perhaps the author is suggesting a return to paternalistic corporatism?
Read a review here.