1/ There is no social capital without impersonal institutions to store it in. Human brains can only create/use/destroy it, not store it.
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10/ This means central challenge in the design of any institution is to model how it stores social capital and generates a social ROI, not $
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11/ When this works, the benefit to the financial capital system is not in the form of a reverse exchange, but in the form of trust
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@vgr what's a real life example of a "bad" social capital institution, and how would you improve it?Thanks. Twitter will use this to make your timeline better. UndoUndo
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