Western societies have higher social trust which enabled them to outcompete the rest of the world. Business moves at the speed of trust. Now that western society has increasing contact with the low trust world it is regressing to the mean.

Did you account for crypto scammers in your theory ?

Aren't most crypto scammers from developed countries ?

It can be argued that POTUS himself is a crypto scammer.

The regression is not due to “contact with the low trust world.” Globalism isn’t new. The call is coming from inside the house.