I have argued that a socially extensive trust cannot be created except in and by what I have called 'aristocracies'; that having been so created, there is good reason to believe that the aristocrats will undermine it; and that if trust is to be maintained, this will have to depend either on conditions which are external to the social arrangements in question or on strategies which are internal and which, although perhaps directed by what could be called an 'aristocracy', might at first sight seem to preempt anything one would want to describe as 'trust' at all.

Builds on: "State-led economic cooperation lacks durable trust and may collapse."

Diego Gambetta, Trust - Making and Breaking…, loc. 1663