Established institutions like the media and government are no longer seen as competent or ethical enough to address crises like climate change and health care, according to Edelman’s 2020 Trust Barometer study. So businesses are leading the way.
Between the lines: The survey shows a stark class divide — a growing gap in institutional trust between wealthier, more educated and better informed people vs. the rest of the population…
Yes, but: Even though people around the world say they increasingly trust corporations to solve problems, they also say they don’t trust capitalism.
57% of people globally believe that capitalism as it exists today “does more harm than good in the world.” The percentage of people who think capitalism is working for them is down year over year by 3%.