Social capital, as defined by Jim Rutt, refers to the networks of relationships among people who live and work in a particular society, enabling that society to function effectively. Rutt emphasizes that social capital encompasses the trust, mutual understanding, shared values, and behaviors that bind the members of human networks and communities, facilitating coordinated actions and cooperation for mutual benefit. He notes that high levels of social capital contribute to a wide range of positive outcomes, from economic prosperity and democratic governance to public health and individual well-being. A robust social fabric, maintained through social capital, is crucial for both resilience in face of challenges and for the overall flourishing of society.
See also: collective action, collective intelligence, social network, social justice, network effect