Back then we had a deeper ties with all those who served us by which I mean vegetable vendor, carpenter, doctor, knife sharpener, cloth shop, grocer, baker and so on. Whenever we interacted with them it would be a small chit-chat, exchange small updates (how's your son doing, is he married yet?) and then finally do the actual purchase.
It was to an extent that the carpenter would come by and just hand over a big dining table just because he thought our house deserved/needed it. He wouldn't ask for immediate payment either and also in instalments. Some other times he would come by and borrow some money.
All of that is now gone. Every single interaction I have now with vendors is 100% transactional. I don't even know their names nor they mine.
It means that I'm now connected only with my immediate family, that's it. It also means that the generation now growing up know only transactional way of interaction with non family/friends. I guess these things eventually add up to the loss of community.