A Trust Paradox.’ New Report Finds Distrust in Capitalism, Government and Global Institutions “” Despite a Strong Economy

  • Date: 22-Jan-2020
  • Source: Time
  • Sector:Economy
  • Country:Middle East
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A Trust Paradox.’ New Report Finds Distrust in Capitalism, Government and Global Institutions “” Despite a Strong Economy

New Report Finds Distrust in Capitalism, Government and Global Institutions - Despite a Strong Economy. A new report found widespread distrust in societal institutions - defined as government, business, NGOs and the media - despite a strong global economy, a phenomenon it deemed a "trust paradox.". Despite the strong global economy, the report found that 56% of respondents believe capitalism as it exists today does more harm than good in the world; fewer than one in three people in developed markets said they believe they and their families will be better off in five years.. "Since we began measuring trust 20 years ago, economic growth has fostered rising trust.. The report found that this divide reached record levels in a record number of countries.. Sixty one percent of people responded that they felt the pace of change in technology is too fast, and 66% responded that they "worry technology will make it impossible to know if what people are seeing or hearing is real.". The report found that people are three times as likely to trust a company if they think it acts ethically, rather than just competently..