New Report by Edelman reveals what we have known all along: Trust in government, big biz and media has tanked

To regain trust, business and our institutions must change

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The truth of our co-Existence and the ways of solving our problems cannot be placed into the hands of those who wish to keep them to themselves or with academics with high level degrees.

Most systems put up walls and barriers to entry. We’ve eliminated them completely.

A new report by Edelman reveals what many of us have known for quite some time.  Trust in many of our institutions and organizations is at an all time low.

Reality Check:

  • Public is overwhelmed with information overload
  • This crisis slows down the ability of solution providers to gain traction
  • People have lost trust in the news, in governments, and in many cases, their own ability to make decisions
  • Don’t know who to trust
  • We require an evidence-based, holistic approach to information management
  • Businesses must change
  • New kind of messaging
  • Simple, based on fact and action

To do this

  • To enable trust, Mobilized  unites experts from the arts and sciences, media makers and earth shakers into a dedicated evidence-based info-Structure for the health and well-being of people and planet
  • Experts in their fields become the media makers
  • Mobilized continues to unite individuals and organizations dedicated to truth–and the free-flowing of knowledge everywhere
  • Stories must reveal Heaven on Earth (Hell doesn’t sell!)
  • All stories and programs must show clarity out of the confusion
  • All of our stories must enable an easy understanding of information.
  • White papers are good–for those who want to go deeper
  • Public must have all access to all information with no barriers to entry

But how can trust be renewed? What can institutions and organizations do to regain trust? How can We the Media Makers and Earth Shakers around the world unite towards creating more trust so we can have a healthier global ecosystem?

The information below is gathered from the Edelman Trust Barometer–with an introduction by its CEO, Richard Edelman:

We have studied trust for 20 years and believe that it is the ultimate currency in the relationship that all institutions—companies and brands, governments, NGOs and media—build with their stakeholders. Trust defines an organization’s license to operate, lead and succeed. Trust is the foundation that allows an organization to take responsible risk, and, if it make mistakes, to rebound from them.

For a business, especially, lasting trust is the strongest insurance against competitive disruption, the antidote to consumer indifference, and the best path to continued growth. Without trust, credibility is lost and reputation can be threatened.

Edelman’s trust research, the Edelman Trust Barometer, turns the deep data we collect into real-world insights, and our trust consulting platform, Edelman Trust Management, interprets those insights to help our clients plan, make decisions and take action.

One year ago, the 2020 Edelman Trust Barometer found trust across institutions damaged by pervasive fears of job loss to automation and downward mobility, despite a strong global economy and near full employment. Today, the Covid-19 pandemic, with more than 1.9 million lives lost and joblessness equivalent to the Great Depression, has accelerated the erosion of trust. This global tragedy coincides with a long overdue recognition of systemic racism and the continuing fight for racial justice. Add to this potent brew an epidemic of misinformation and the loss of belief that what our leaders tell us bears any resemblance to the truth.

The 2021 Edelman Trust Barometer finds a new era of information bankruptcy and a trust ecosystem unable to confront it. The pandemic and infodemic are two strands of a Rambo DNA, inextricably linked in their destructive force. Government and media, the usual sources of quality information in a crisis, have both failed to meet the test.

The Spring trust surge in institutions has given way to deep disappointment and a reshuffling of institutional trust. The disparate impact of the Covid-19 recession by economic strata has prompted a record mass-class divide of 16 points (elites at 68 percent trust, mass at 52 percent), with 25 of 28 markets showing double-digit trust gaps, triple the number of a decade ago. Government seized the high ground of trust (+11 points to 65 percent) in May as if in wartime; its leaders promised to keep people safe and economically afloat in the pandemic’s early days. But six months of politics supplanting science has seen government (-8 points) cede its top position. Business has become the most trusted institution (61 percent) by developing vaccines in record time while finding new ways to work.

Three years ago, the 2018 Edelman Trust Barometer recognized the ‘Battle for Truth,’ in which people selected media that reinforced their views. We now observe a further degradation of the communications infrastructure, resulting in a lack of quality information to enable the public to make fact-based decisions. In tweets and remarks to their followers, the political leaders of the U.S., Brazil and Mexico diminished the importance of masks and social distancing to accelerate reopening their economies; these nations now are among those leading the world in Covid-19 deaths. Treatments, such as hydroxychloroquine, touted by government officials as miraculous cures, were later discredited in scientific studies. The Chinese government censored Dr. Li Wenliang for his accurate early warnings about the strange, new virus that made him a hero to many Chinese before Covid-19 ultimately took his life in February.

As a result of this daily diet of distortions and counter-factual narrative, we no longer believe our leaders. Fifty-seven percent of respondents say government and business leaders purposefully try to mislead us—government through fallacious commentary and business through silence implying consent. CEO credibility has ebbed to 44 percent, down to 18 percent in Japan, 22 percent in France, while government officials are at 39 percent globally.

There is brutal judgment accorded by other nations to the world’s two largest economies; trust in the U.S. is at 40 percent and China at 30 percent. China has endured the most precipitous decline (18 points) in trust from its citizens (from 90 percent trust to 72 percent in the past six months). The U.S., in the bottom quartile of countries as of November 2020, dropped a further five points post-election (43 percent)—a score which would place it ahead of only Japan and Russia. Trust in the U.S. undoubtedly suffered a body blow after a violent mob invaded the Capitol in Washington, D.C. on January 6, in an unsuccessful effort to stop the certification of Joe Biden as the next president.

This is truly a run on the bank of Trust. Trust in all news sources has hit record lows, with traditional media down to 53 percent from 65 percent two years ago, and social media down to 35 percent from 43 percent. Sixty-one percent of respondents believe media is politicized and not objective. There is a stunning 39-point gap in trust in media between Biden voters (57 percent) and Trump voters (18 percent), based on post-election data. The astonishing exception is communications from “My Employer” is the most trusted source of information (61 percent), ahead of national government (58 percent), traditional media (57 percent) and social media (39 percent).

One consequence of misinformation is hesitancy about the Covid-19 vaccination, further threatening global health and economic revival. As of our study date, we find that only one in three respondents are ready to take the vaccine as soon as possible, and under 65 percent plan to be vaccinated within a year. Of those who practice poor “information hygiene,” including reliance on social media as a sole source, the sharing of unvetted stories, and failure to seek broad news engagement, there is substantially less willingness to get the vaccine within a year (59 percent versus 70 percent for people with good information hygiene). There is greater vaccine hesitancy among Black people in the U.S. despite Covid-19 death rates nearly three times higher than Whites because of historical and current medical inequities and mistreatment.

Business has emerged as the last institution standing, the only one rated as both competent and ethical and fifty points ahead of government on competence and approaching NGOs on ethics. Trust has gone local, with the highest reliance on “My Employer” at 76 percent, fifteen points higher than business in general, as employees have ever higher expectations of their companies to improve society. CEOs are expected to lead the charge on upskilling workers, sustainability and racial justice. The infodemic has expanded the mandate for business into unfamiliar areas; the top trust-building action for business is now guarding information quality.

As we begin 2021, there are real reasons for hope: vaccines that promise the beginning of the end of the pandemic, a Brexit deal at long last, and economic recovery as travel and restaurant jobs are restored. Business will take the lead in the coming months; more than two-thirds of respondents say that CEOs should step in when government does not fix societal problems. But restoring stability cannot be a solo act; it is a trap for business to be both actor and regulator. The challenges of the next decade, including ending systemic racism, renewed globalization and oversight of technology platforms, require a more balanced trust equation for business and government. Media must restore its position as the even-handed arbiter of truth, focused on news not opinion.

After a year of unprecedented disaster, this could be the baseline of trust; we know what the bottom looks like and understand how to rebuild the confidence of the public. The urgent issues confronting society require a knowledgeable public able to make choices based on unbiased information—not fear, compulsion, or conspiracy theories. Every institution must play its part in restoring facts to their rightful place at the center of public discourse as the essential step to emerging from information bankruptcy. As the great journalist and novelist George Orwell wrote, “Freedom is the freedom to say that two plus two make four. If that is granted, all else follows.”

Richard Edelman is CEO of Edelman

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