Comment Of The Day: Public Confidence And Trust (2): Observations On Gallup’s Confidence In Institutions Poll

After Charles Green‘s recent  Comment of the Day on the post, Public Confidence And Trust (1): Observations On Gallup’s Trust In Occupations Poll, I was pretty sure that there would be an encore when I posted Part 2, an overview of the Gallup poll on public trust and confidence in American institutions. Charlie didn’t disappoint, so here is his Comment of the Day on the post, Public Confidence And Trust (2): Observations On Gallup’s Confidence In Institutions Poll:

…I agree with you that this stuff is as mission-critical as anything.

As you know, my life’s work is studying trust, and while I focus on interpersonal trust, you can’t ignore the systemic institutional issues either. In fact, they are connected.

In fact, I agree with your fundamental point that the cure for what ails our institutions must lie in personal behaviors, personal relationships, personal ethics.

Without taking anything away from that fundamental and massive agreement, let me suggest two tweaks to the issue as you have presented it.

The first is that this is NOT simply a US phenomenon. I recommend even more sobering reading from the Edelman Trust Barometer, a study that has been ongoing for over a decade. See the 2017 version here: https://www.edelman.com/global-results/

That survey covers about 18 western countries: fully half of them report the level of distrust in institutions – business, communications, NGOs, CEOs, etc. – not materially different from what we see in the US. Continue reading

The Irresponsible, Greedy 1% and the Hypocritical, Greedy .01% of the 1% Who Get Away With Attacking Them…That Is, Hillary Clinton

...for less than an hour's work. But it's HARD work,..you know: talking.

…for less than an hour’s work. But it’s HARD wor…you know: talking.

Robert Samuelson accurately categorizes America’s CEOs as a new economic aristocracy in his most recent column. Why CEO salaries are so absurdly high is caused by many factors, some of which the columnist lists, but that fact is inescapable that the salaries cannot be defended by rational arguments. This is in stark contrast, by the way, to similarly high-salaried entertainers and sports figures, who tend to really earn their money. There is, after all, only one LeBron James, Tiger Woods, or Jon Stewart. Corporate CEOs, though they would like to think they are unique talents, seldom are. Could you replace most of them for considerably less than the going rate of 20 million dollars a year? Absolutely.

Thus continuing to accept such absurd salaries and attendant benefits while the economy stutters, their companies restrict hiring and the gap between worker salaries and executive compensation widens is unethical, pure and simple. Doing so is based on greed and willfully ignoring the consequences of the conduct, as Samuelson points out, though he hardly needs to, so obvious should it be to corporate executives and outside observers alike:

“Americans dislike aristocracies. Unless companies can find a more restrained pay system, they risk an anti-capitalist public backlash. This is the ultimate danger. For all the flaws of today’s system, government regulation of pay — responding to political needs and pandering to popular prejudices — would be much worse.”

Just as irresponsible as these gorging, selfish, unrestrained and greedy executives are the class-dividing hypocrites who try to exploit public resentment and pander to those popular prejudices while profiting from the same irrational system of misaligned resources that make those CEOs the equivilent of sultans. I know I have been critical of Hillary Clinton regularly of late, but I am not responsible for flaunting her in  front of my wincing eyes and abused ears on a daily basis. How dare she try to pose as an advocate of a rational system of wealth distribution? And how pathetic that her tone-deaf and logic-free supporters tolerate it!

In a weekend interview with the  Guardian, Clinton pronounced herself a fit champion of populism and a credible agent of reform for skewed income levels because progressives “don’t see me as part of the problem because we pay ordinary income tax, unlike a lot of people who are truly well off, not to name names; and we’ve done it through dint of hard work.”

Ah.

Those progressives are gullible and naive idiots then!

Thanks for that clarification. Continue reading