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Fragmentation Of Trust. Economic Growth, Social Inequality And The New Interface Of The Individual Fears

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  • Radu GHEORGHE

    (Athenaeum University, Bucharest, Romania)

Abstract

According to the Edelman Trust Barometer 2020, beyond the presence of a strong global economy and a very low level of unemployment, people not longer trust institutions. In their opinion, even in the current favorable living circumstances, they see the future more uncertain than ever. In their vision, a first step would be that the trust in institutions, now undermined by the proliferation of inequity and inequality, to be “granted†only on the basis of “two criteria†: competence (the institution has “the ability to deliver on promises†) and ethical behavior (the institution “acts correctly and contributes to change for the better of society†). The people phylosophy is a new one: they have interests not only in the application of technical knowledge (what you do), but especially in the ethical meaning of behavior in the social actions (how you do). Moreover, the people is increasingly interested in slowing down and in stopping the vehicle of social polarization and then in forcing the start of debates centered on social inequality. (Edelman Trust Barometer, 2020)

Suggested Citation

  • Radu GHEORGHE, 2020. "Fragmentation Of Trust. Economic Growth, Social Inequality And The New Interface Of The Individual Fears," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 58(2), pages 54-63, June.
    • Handle: RePEc:ath:journl:v:58:y:2020:i:2:p:54-63
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    Cited by:

    1. Olga Khokhlova & Nishtha Lamba & Aditi Bhatia & Marina Vinogradova, 2021. "Biowarfare conspiracy, faith in government, and compliance with safety guidelines during COVID-19: an international study," Mind & Society: Cognitive Studies in Economics and Social Sciences, Springer;Fondazione Rosselli, vol. 20(2), pages 235-251, November.

    More about this item

    Keywords

    competence; ethical behavior; inequality; institutional trust; risk of poverty; social action; social inequity; social mobility; social polarization; social stratification; world sistem;
    All these keywords.

    JEL classification:

    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • Z10 - Other Special Topics - - Cultural Economics - - - General

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