RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: OZschwitz: It's no wonder we no longer trust our institutions Thu Dec 06, 2018 6:54 pm | |
| I’ve been thinking about institutions a lot lately. About how if there is anything that characterises our current political moment of disillusionment, anger and a rampant, destructive cynicism, it is that we no longer seem to believe in any institutions at all.
Try to name one; it’s more difficult than you’d think. Our trust in politics – even in democracy itself – is at an all time low. Whatever belief we once had in the idea that business, for all its self-interest, was aligned with some trickle-down social interest has been blown up by whichever scandal takes your fancy: the banking royal commission; the rapacious practices that delivered the financial crisis; the Libor episode back in 2012, in which small numbers of people easily manipulated interest rates for their own gain.
https://www.smh.com.au/national/it-s-no-wonder-we-no-longer-trust-our-institutions-20181206-p50kk9.html |
|