The trust deficit

Joe Stiglitz points out another casualty of widening inequality:

Trust is what makes contracts, plans and everyday transactions possible; it facilitates the democratic process, from voting to law creation, and is necessary for social stability. It is essential for our lives. It is trust, more than money, that makes the world go round….

Inequality in America is degrading our trust. For our own sake, and for the sake of future generations, it’s time to start rebuilding it.

Read more here.