The political scientist Francis Fukuyama: Social capital is a capability that arises from the prevalence of trust in a society or in certain parts of it. It can be embodied in the smallest social group: a family, as well as the largest of all groups, the nation. And in all the other groups in between. Where trust is prevalent, groups and societies can move and adapt quickly through many informal contracts. By contrast, people who do NOT trust one another will end up cooperating only under a formal system of rules and regulations...
( Thomas L. Friedman )
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