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Pertaining to 'institutional trust'. One ought to be able to trust e.g. government. Alas you can not (I am a public servant). One should never unequivocally t
by stilisstuk 6y ago
Pertaining to 'institutional trust'. One ought to be able to trust e.g. government. Alas you can not (I am a public servant).
One should never unequivocally trust for-profit companies.
Also: https://www.bbc.co.uk/programmes/w3cszcms https://www.bbc.co.uk/programmes/w3cszcms
- zajio1am 6y agoMaking such big difference between government and (big) companies seems naive. One should never trust neither government nor companies. They are not that different, both are power structures with vastly more power and different concerns and priorities than an individual. There are many parallels between them. Companies run on economic power, government run on political (and also economic and hard) power. Companies are kept at bay by market forces, government by democratic process. Both of them may work or fail (monopolies in market, different kinds of identity politics in democratic process). Both companies and government can do extraordinary good (when incentives are well aligned and leaders are competent) and extraordinary bad (when either is not true). Both can empower petty tyrants inside their hierarchies. The reasonable way is to keep both dependent on each other and to limit each to their own domain.