Are we living in the same reality?

Look at how business works in the rich west works. Everything is formalized with contracts, risk is portioned out and offloaded to every party under the sun. You bring in people with licenses and accreditation, 3rd party consultants, etc, etc. All of this work and expense is incurred so that if things go wrong then the parties all have precisely defined ways in which they can (expensively) drag the matter through a courtroom and whatever comes of that will be enforced with state violence.

Contrast with (certain parts of) the far east and eastern europe. The west is the low trust environment.

Your response just proves his point. All of that paperwork, all of those contracts- that assumes you can trust the government to fairly enforce the law.

In a society where corruption rules, you have no reason to spend time and money on any of that because you know you’re one bribe away from it all being kindling for your next bonfire.

So yes, in areas with low corruption they don’t bother. They either just set aside some cash to pay off whatever official they need to if things go sideways, or they hire the local judge’s son to an empty position of power so that they can win anything that goes to “court”. That’s not a sign of high trust, that’s an acknowledgment there’s no point in bothering.

Western Europe is a low trust environment compared to the beacons in (cultural) East Asia, like Singapore. I can leave my kid with an iPad in her hand here without fear of it being nicked, like in London.

But business wise, western Europe is still relatively high trust. I suggest you read more about this.