All posts tagged: Lowtrust

A Low-Trust Society Is An Impoverished Society

A Low-Trust Society Is An Impoverished Society

Authored by Charles Hugh Smith via OfTwoMinds blog, The sole remaining reservoirs of trust in American life are personal networks, local enterprises and local institutions. It’s not exactly news that social trust has declined significantly in the United States. Surveys find that public trust in institutions and the professional classes that dominate those institutions has cratered. (see chart below) Social trust–our confidence that other people are trustworthy–has also fallen to multi-decade lows. This was not the case in decades past. Americans maintained high levels of trust in their institutions, government and fellow citizens. The decline in social trust is across the entire spectrum: our trust in institutions, professional elites and our fellow Americans has declined precipitously. The causes of this decay of social trust can be debated endlessly, but several factors are obvious: 1. Institutions forfeited the trust of the citizenry by withholding / editing realities to serve the interests of hidden agendas and insiders’ careers. The Vietnam War was pursued on fabrications, as was the second Gulf War to topple Saddam. Watergate eroded trust on multiple levels, …

How To Navigate Our Low-Trust, Increasingly Dysfunctional Society & Economy

How To Navigate Our Low-Trust, Increasingly Dysfunctional Society & Economy

Authored by Charles Hugh Smith via OfTwoMinds blog, Politicians and corporate managers have an enviable record of self-enrichment but very little to show in terms of putting the long-term interests of the citizenry above their own short-term gains. This week’s focus is on self-reliance, a topic of increasing relevance than is more complex that it may seem. Sociologists differentiate between high-trust and low-trust societies: in high-trust social orders, citizens tend to trust institutions and each other to conform to social norms, enabling strangers to trust a vast circle of transactions and socio-economic ties. Low-trust societies are plagued with distrust of authority and institutions and fear of getting taken advantage of by strangers, so the circles of trust are small, inhibiting social mobility and economic growth. Economies and political systems can also be understood as high-trust or low-trust. If the political system excels at rewarding insiders and incumbents while leaving critical problems unsolved, citizens have little reason to trust the system. The same is true of economies that greatly enrich insiders and incumbents at the expense of the citizenry via monopoly/cartel price-gouging, shrinkflation, degrading the quality of goods and …

‘Low-trust’ ties: What’s next for Pakistan, Iran after tit-for-tat attacks? | Military News

‘Low-trust’ ties: What’s next for Pakistan, Iran after tit-for-tat attacks? | Military News

Islamabad, Pakistan – Pakistan and Iran have agreed to de-escalate tensions after tit-for-tat military strikes on each other’s territory this week, but the episode reveals a lack of trust between the neighbours that will continue to plague relations even after the missiles and accusations have subsided, say analysts. On Friday evening Pakistan’s Foreign Minister Jalil Abbas Jilani spoke to his Iranian counterpart Hossein Amirabdollahian. “The two foreign ministers agreed that working level cooperation and close coordination on counter terrorism and other aspects of mutual concern should be strengthened. They also agreed to de-escalate the situation,” a Pakistan foreign ministry statement read. Late on Tuesday, Iran had conducted missile and drone strikes in Pakistan’s Balochistan province, killing at least two children and injuring three. Tehran said the rare border intrusion targeted Jaish al-Adl, a Sunni Muslim armed group accused of attacks inside the Iranian territory of Sistan-Baluchestan. In fewer than 48 hours, Pakistan responded with “precise” military strikes that killed at least nine people, including four children and three women. Iranian media reports, quoting state officials, said …