In a continuation of last week’s blog concerning recent
increases in both the trust in business and trust in government sub-indices of
the American Dream Composite Index, we
again refer to the report by the Business Roundtable Institute for
Corporate Ethics in order to better
understand how public trust in these institutions is created and
maintained. Beyond creating and
sharing common values/interests with the public, businesses and government
organizations must address the inherent power imbalances that often exist
between individuals and these institutions. Businesses and governments must work to assure that both
risks and opportunities are shared fairly across both parties
and, in cases where power imbalances are inevitable, work to limit feelings of
vulnerability on the part of the public.
Any examples of how these elements of trust are either facilitating or
hindering the degree to which you trust businesses and/or government
institutions?
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