A Half-Century’s Erosion of Trust

Confidence in institutions has been collapsing since the 1970’s. What happened?

Mike Co
Currency Waves

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“Uncertainty is an acid, corrosive to authority. Once the monopoly on information is lost, so too is our trust. Every presidential statement, every CIA assessment, every investigative report by a great newspaper, suddenly acquired an arbitrary aspect, and seemed grounded in moral predilection rather than intellectual rigor.”

-Martin Gurri, Revolt of the Public

The world has changed drastically since the 1970’s. New information is no longer scarce, it is overwhelmingly abundant. Anyone can be a political pundit or an investigative journalist with a smartphone and a Facebook account. For media outlets scavenging for relevance today, what’s true or fake is increasingly replaced by what’s right or wrong.

Via Gallup’s Confidence in Institutions study, there has been a significant decline in the public’s trust in media. Confidence in newspaper media is at historic lows.

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