Both Quote by Joseph Stiglitz
“What I argued in 'The Great Divide' is that societies can't function without trust, both politically and economically.”
About This Quote
Source Book: The Great Divide, 2015
Trust is essential for societies to function politically and economically.
In simple terms: Societies need trust to work.
Key Takeaway
Foster trust in institutions.
Themes
trust
societal health
economics
Mood
optimistic
serious
Type
philosophical
advice
When to use this quote
- political negotiations
- financial markets
- community projects
Key Concepts
social capital
governance
Questions to Reflect On
- How can trust be rebuilt after betrayal?
- What mechanisms sustain trust long‑term?
A Different Perspective
Trust can be eroded by corruption.
![“World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education…” quote by Joseph Stiglitz](https://sms4smile.com/quotes/img-quotes/860/joseph-stiglitz-1351_america_world-war-ii-was-really-unusual-because_156000.jpg)
