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The unknown that remains is whether we have lost trust 1) because we have higher expectations, or 2) because the institutions and companies are failing us more
by Excel_Wizard 7y ago
The unknown that remains is whether we have lost trust 1) because we have higher expectations, or 2) because the institutions and companies are failing us more than they did before, or 3) because we have greater visibility into a similar level of failure as we had in the past.
My belief and hope is that it is a combination of 1 and 3.
- dredmorbius 7y agoThe degree to which lists of corporate scandals are near-end loaded is concerning, though this may reflect recency bias. Wikipedia is particularly prone to this, though I'm finding few other reliable sources with a different picture. https://en.wikipedia.org/wiki/List_of_corporate_collapses_and_scandals https://en.wikipedia.org/wiki/List_of_corporate_collapses_an... \ A 2009 SSRN paper suggests growing pressures: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1440769 https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1440769
- HarryHirsch 7y agoSavings and Loan Crisis: ~ 1000 convictions Dotcom bubble: 3 convictions Great Recession: 0 convictions The system has failed.