Comments on: Edelman Trust Barometer 2008

By: Piaras

Piaras — Sat, 31 Jan 2009 17:49:21 +0000

@Paul - We haven’t released the Irish results of the Trust Barometer yet, the post you are commenting on refers to the report we launched in January 2008. Presume you are just commenting on all blogs about the Trust Barometer?

From the topline results I’ve seen thus far I’ve seen a call for greater regulation, but not nationalisation as you refer to. Similarly the level of trust in business has fallen but trust in business as an institution remains higher than Government, in Ireland at least - I can’t comment on other countries results

By: Paul Seaman

Paul Seaman — Sat, 31 Jan 2009 09:24:54 +0000

We need to ask some tough questions of this survey. Edelman: By a 3:1 margin, respondents say that government should intervene to regulate industry or nationalize companies to restore public trust.
PS [Me]: Regulation and nationalisation are profoundly different things. And both come in lots of forms. The question and answers are sort of meaningless.

So, we’re a bit short of people to trust just now. Good, one might say. A bit more scepticism (a bit less trust) might have kept us safer all along.

Fact is lots of firms have retained the trust they need. And you could go further: we do in some sense still trust banks, since they are still doing most of what most of us ever used them for.

If people are not buying cars or houses, a lack of trust has nothing to do with it. The problem is a shortage of money and credit. We can’t have it both ways. We don’t trust banks now because they were so profligate before. Being mean makes them hateful, but more trustworthy. More here:

http://paulseaman.eu/2009/01/would-you-trust-a-trust-survey/

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