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Posts Tagged ‘Trust’

Why we stopped trusting elites

Posted by hkarner - 2. Dezember 2018

Date: 01-12-2018
Source: The Guardian By William Davies

The credibility of establishment figures has been demolished by technological change and political upheavals. But it’s too late to turn back the clock.

For hundreds of years, modern societies have depended on something that is so ubiquitous, so ordinary, that we scarcely ever stop to notice it: trust. The fact that millions of people are able to believe the same things about reality is a remarkable achievement, but one that is more fragile than is often recognised.

At times when public institutions – including the media, government departments and professions – command widespread trust, we rarely question how they achieve this. And yet at the heart of successful liberal democracies lies a remarkable collective leap of faith: that when public officials, reporters, experts and politicians share a piece of information, they are presumed to be doing so in an honest fashion.

The notion that public figures and professionals are basically trustworthy has been integral to the health of representative democracies. After all, the very core of liberal democracy is the idea that a small group of people – politicians – can represent millions of others. If this system is to work, there must be a basic modicum of trust that the small group will act on behalf of the much larger one, at least some of the time. As the past decade has made clear, nothing turns voters against liberalism more rapidly than the appearance of corruption: the suspicion, valid or otherwise, that politicians are exploiting their power for their own private interest. Den Rest des Beitrags lesen »

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Post-Truth Germany

Posted by hkarner - 21. September 2018

Date: 20-09-2018
Source: Foreign Affairs By Georg Diez

The Chemnitz Attacks and the Crisis of German Democracy

And if it never happened? Then, of course, nobody is to blame. There is no responsibility, and there are no consequences. The end of a common understanding of what happened is in many ways the end of politics, because to define problems and work on solutions requires common ground. Germany, like the United States, has entered this post-truth hall of mirrors. The stakes are particularly high, because a violent far right is rising, in a country still troubled by its racist and murderous past. The embrace of a discourse of “alternative facts” signals that Germany has moved far from the role it played during the early days of the refugee crisis, as the exception to the rule of resentment.

How did we get here? At the end of August, following the alleged murder of a German citizen by two refugees, a right-wing mob of several thousand people took to the streets in the eastern city of Chemnitz, shouting racist slogans, threatening and chasing refugees (or just about anybody who looked different), and fighting an overwhelmed and outnumbered local police force. The images quickly spread on social media. One video showed a group of a few men first shouting at, and then running after, a man who is seen fleeing across a busy street, avoiding several cars as he speeds along. The German media used the term Hetzjagd, normally applied to the hunting of animals, to describe this scene and others captured during the riots. German Chancellor Angela Merkel used this word, too, in her public statement condemning the violence. Den Rest des Beitrags lesen »

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Infrastructure Plan Falls Flat for Investors

Posted by hkarner - 20. Februar 2018

Date: 19-02-2018
Source: The Wall Street Journal

President Donald Trump’s infrastructure plan has left investors in infrastructure firms unimpressed

The nonfederal to federal funding ratio of President Donald Trump’s Incentives Program is far above the one typical of large projects such as the new Tappan Zee Bridge in New York.

Maybe it should be called “Infrastructure Weak.”

In the days following the 2016 U.S. presidential election, investors took President-elect Donald Trump at his word that he would open the floodgates of federal spending and deregulation to fix America’s creaking transport, energy and water systems. Den Rest des Beitrags lesen »

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Restoring Trust in Leadership

Posted by hkarner - 30. Januar 2018

Douglas Elmendorf

Douglas Elmendorf is Dean and Professor of Public Policy at Harvard Kennedy School.

Nitin Nohria is Dean at Harvard Business School.

Recent polling confirms what street protests and online activism in recent years have already been indicating: the public’s trust in government and private institutions is dismally low. To change that, political, business, and civil-society leaders need to demonstrate honest, principled leadership that puts the public interest first.

DAVOS – As is often the case, informal conversations at the World Economic Forum’s just-completed annual meeting in Davos, Switzerland, inevitably alluded to the Edelman Trust Barometer, an annual poll of public confidence in business, media, government, and nongovernmental organizations. After all, Davos participants are leaders in these fields, and the results of the most recent poll are chastening.

In 2017, 71% of respondents globally considered government officials not credible or only somewhat credible, and 63% of respondents had the same dismal view of CEOs. This should not come as a surprise. Across dozens of countries, people have been airing their grievances against the status quo through social media, protests, consumer choice, and the ballot box. Den Rest des Beitrags lesen »

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Trust me, I’m a journalist

Posted by hkarner - 15. Januar 2018

Date: 12-01-2018
Source: The Economist

Distrust of news organisations is likely to erode trust in government, too. That bodes ill for America’s president

ON JANUARY 17th Donald Trump will announce the inaugural winners of his “Fake News Awards”, presented to the “most biased and corrupt” organisation in America’s mainstream media. Since he took office nearly a year ago, Mr Trump has waged a war of words against what he perceives as unfair treatment by the news elite. His principal targets are the “failing” New York Times and “fake news” CNN.

A poll by Pew Research, a think-tank based in Washington, demonstrates how successful Mr Trump has been in souring his fans’ attitudes towards the press. For a number of years Pew has asked a representative sample of Americans whether news organisations’ criticism of political leaders primarily keeps them in check or, conversely, prevents them from doing their jobs. In 2016 Republicans and Democrats were in broad agreement: around 75% thought that criticism was constructive for a healthy government. But by last year Mr Trump had created a chasm in that sentiment: 90% of Democrats, but just 42% of Republicans, said that criticism by journalists of political leaders was useful. Republican voters are now more likely to disagree with Democratic voters about whether news reporting is biased. About nine-tenths of Republicans believe the news media favour one political party over the other, compared with just over half of Democrats. Den Rest des Beitrags lesen »

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Mistrust in America could sink the economy

Posted by hkarner - 12. August 2017

Date: 10-08-2017
Source: The Economist: Schumpeter

Part of the problem is a lack of competition in some industries

AMERICA is a grumpy and confused place. For an overarching explanation of what has gone wrong, a decline in trust is a good place to start. Trust can be defined as the expectation that other people, or organisations, will act in ways that are fair to you. In the White House and beyond there is precious little of it about. People increasingly view institutions as corrupt, strangers as suspicious, rivals as illegitimate and facts as negotiable.

The share of Americans who say “most people can be trusted” fell from 44% in 1976 to 32% in 2016, according to a survey from the University of Chicago. In a new book, “The Retreat of Western Liberalism”, Edward Luce, a commentator for the Financial Times in Washington, argues that distrust will contribute to America’s decline and eventually, even, to autocracy. Lack of faith is chewed over in boardrooms, too. In his latest letter to shareholders, Jamie Dimon, JPMorgan Chase’s boss, describes trust as America’s “secret sauce” and worries that the bottle is running dry. Den Rest des Beitrags lesen »

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Demystifying the Black Box That Is AI

Posted by hkarner - 11. August 2017

Date: 10-08-2017
Source: Scientific American By Ariel Bleicher

Humans are increasingly entrusting our security, health and safety to “black box” intelligent machines

When Jason Matheny joined the U.S. Intelligence Advanced Research Projects Activity (IARPA) as a program manager in 2009, he made a habit of chatting to the organization’s research analysts. “What do you need?” he would ask, and the answer was always the same: a way to make more accurate predictions. “What if we made you an artificially intelligent computer model that forecasts real-world events such as political instability, weapons tests and disease outbreaks?” Matheny would ask. “Would you use it?”

The analysts’ response was enthusiastic, except for one crucial caveat. “It came down to whether they could explain the model to a decision maker—like the secretary of Defense,” says Matheny, who is now IARPA’s director. What if the artificial intelligence (AI) model told defense analysts that North Korea was getting ready to bomb Alaska? “They don’t want to be in the position of thinking the system could be wrong but not being sure why or how,” he adds.

Therein lies today’s AI conundrum: The most capable technologies—namely, deep neural networks—are notoriously opaque, offering few clues as to how they arrive at their conclusions. But if consumers are to, say, entrust their safety to AI-driven vehicles or their health to AI-assisted medical care, they will want to know how these systems make critical decisions. “[Deep neural nets] can be really good but they can also fail in mysterious ways,” says Anders Sandberg, a senior research fellow at the University of Oxford’s Future of Humanity Institute. “People are starting to wake up to the realization that you just can’t trust this software completely.” Den Rest des Beitrags lesen »

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Three-quarters of world has little or no confidence in Trump, Pew study finds

Posted by hkarner - 28. Juni 2017

Date: 27-06-2017
Source: The Guardian

Support for US president now below that of George Bush following Iraq invasion
Israel and Russia have faith in Trump – not so European allies

More than three-quarters of the world has little or no confidence in Donald Trump’s global leadership and his signature policies, with support for the American presidency collapsing fastest among America’s traditional allies in Europe, according to new polling by the Pew Research Center.

In many countries, support for the US president is now below that of George Bush in 2004, following the Iraq invasion. Globally, two-thirds of respondents describe Trump as “arrogant and dangerous”.

The research conducted across 37 countries shows a median of 22% have some or a great deal of confidence in Trump to do the right thing when it comes to international affairs. Almost three-quarters (74%) have little to no confidence in the Republican leader.

By contrast, in the final years of Barack Obama’s presidency, a median of 64% expressed confidence in Trump’s predecessor to direct America’s role in the world. Den Rest des Beitrags lesen »

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How Fake News Wins

Posted by hkarner - 9. März 2017

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Vertrauen in Banken lässt zu wünschen übrig

Posted by hkarner - 18. Oktober 2016

17. Oktober 2016, 13:49 derstandard.at

 Laut einer Umfrage des Beratungsunternehmens EY vertrauen der eigenen Hausbank weltweit nur noch 40 Prozent

Wien – Neun Jahre nach Ausbruch der Finanzkrise lässt das Vertrauen in Banken immer noch zusehends zu wünschen übrig. Nur 40 Prozent der Kunden weltweit vertrauen der eigenen Hausbank – vor einem Jahr waren es noch 44 Prozent. Das geht aus einer internationalen Umfrage des Beratungsunternehmens EY (vormals Ernst & Young) unter 52.000 Bankkunden hervor. Nicht einmal jeder Zweite (48 Prozent) ist davon überzeugt, dass sein Geld beim eigenen Finanzinstitut sicher ist. Lediglich 43 Prozent vertrauen darauf, dass die Hausbank ihre persönlichen und finanziellen Daten schützt. Und nur noch 27 Prozent halten die Beratungsleistungen ihrer Bank für zuverlässig. Den Rest des Beitrags lesen »

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