Showing posts with label social capital. Show all posts
Showing posts with label social capital. Show all posts

Sunday, 20 July 2008

Moment of Truth...how much Social Capital?

(Originally posted with photo(s) at http://dlamini-dlamini.blogspot.com/)
I walked into a convenience store around 10 p.m. on Friday 18th July 2008, bought something and came out.
I searched my pockets for the bicycle key and thought: "I must have left it on the bicycle", and indeed I had, as the photo shows. This must surely be the moment of truth for any society...the answer to the question: "how much can we rely on each other?" ...this is social capital.

This was not the first time I had done this. In fact, that very day, I left the bicycle in the covered parking at the train station, for which I pay a monthly fee for, and soon after boarding the train, realised that I did not have the key with me, which meant it was on the bicycle that it is meant to lock. I was in no state of worry as I had done this before.

It is perhaps interesting that high social capital is not considered much in classical economic measures. However, a high level of interpersonal trust lowers the cost of security measure and increases the efficiency of an economic system.

Dare I say: "If it is efficiency that you seek, then strive to make the members of the social grouping as cohesive (bonded together) as possible".