Trust and the Invisible Hand
(draft) Subhed.
Alas, many of our brains have been occupied by a narrative that life is nasty, brutish and short, and that if only we all pursue our greedy self-interest, an invisible hand will guide the larger economy to an equilibrium. That’s all hogwash.
We are social creatures, born to learn and cooperate. The invisible hand is a convenient fiction, invented to make an unstable system seem more stable. Trust is the catalyst that enables that cooperation. Without collaboration, the system is inherently unstable. Trust is central.
This article is cross-posted on Substack here, Medium here and LinkedIn here. It's also here in my Brain.