Attention Economy


Friday, January 20, 2017

Declining Trust and Vulnerability of Political Institutions

Declining Trust in Institutions
“For 17 years, Edelman has been asking people around the world about their level of trust in various institutions. Last year, the firm warned of a growing gap between elites, who largely trusted their country’s institutions, and non-elites, who mostly didn’t. Now, as 2017 begins, the firm is declaring that trust, an essential element of functioning societies, is “in crisis” in many countries….
Critically, Edelman has also documented a widening trust gap between what the firm calls “mass populations” and “informed publics,” with the latter group defined as those aged 25 to 64 who have a college degree, regularly read news media, and are in the top 25 percent of household income for their age group in a given country.
This year, the difference in average trust in institutions between these two groups was 15 percentage points, up from nine points in 2012. The gap was greatest in the United States (21 points), the United Kingdom (19 points), and France (18 points). In 20 of the 28 surveyed countries, the majority of the mass population distrusted their institutions; the same can be said for informed publics in just six of those 28 countries.”

With President Trump, American democracy faces its greatest test by Marilynne Robinson

Brexit Into Trumpland by Philippe Legrain

Power Grab in Turkey - Push to Concentrate Power Nears Climax:
“President Recep Tayyip Erdogan’s campaign to secure sweeping executive authority won approval of Turkey’s parliament early Saturday. Turks will have the final say in a referendum that could be held in early April….
“Turkey’s drift towards authoritarianism will accelerate in 2017. The odds that President Erdogan will be able to achieve a formal, full executive presidency through a referendum on a new constitution are favorable,” Anthony Skinner, a director with U.K.-based forecasting company Verisk Maplecroft, said in a report published earlier this week. “This is partly a by-product of the nationalist fervor Erdogan has drummed up in the aftermath of a failed coup to unseat him in July 2016.””