Thursday, May 11, 2023

Social trust

Social trust in Vietnam is unbelievable. I got contact lenses delivered to my office, maybe $90-100 in cash payment. But they sent a Grab motorcycle driver. So that means the optometry made the Grab driver front $100 (2 million VND), hold onto the contacts as collateral, then get his money back and shipping cost from me in cash upon delivery

Each ride the driver makes maybe a little less than 20k VND, which means he fronted 100 rides worth of labor 😂

Could you imagine a restaurant asking an Uber eats driver to front them $100? Now wage adjusted $500-700?

This is one advantage of living in a society that is thousands of years old: the social trust is unusually high.

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