Comments on: Winning back the public’s trust http://blogs.reuters.com/great-debate/2009/09/08/winning-back-the-publics-trust/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Russ http://blogs.reuters.com/great-debate/2009/09/08/winning-back-the-publics-trust/#comment-24101 Mon, 14 Sep 2009 09:07:00 +0000 http://blogs.reuters.com/great-debate/?p=5205#comment-24101 Never trust a man (or company) that says “Trust Me”.

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By: Casper Lab http://blogs.reuters.com/great-debate/2009/09/08/winning-back-the-publics-trust/#comment-24095 Mon, 14 Sep 2009 07:02:19 +0000 http://blogs.reuters.com/great-debate/?p=5205#comment-24095 This article, to me, is insubstantial.

Bob Akins above: ‘Isn’t it about time that we began acting and thinking more responsibly instead of just giving lip service to the ideas of sustainability and environmental interaction?’

Maybe we should ask advertising agencies and movie producers to help out with our moral and ethical dilemmas ? We might then even feel better about ourselves.

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By: Benny Acosta http://blogs.reuters.com/great-debate/2009/09/08/winning-back-the-publics-trust/#comment-24042 Sun, 13 Sep 2009 00:38:01 +0000 http://blogs.reuters.com/great-debate/?p=5205#comment-24042 There is no trust to be earned. The people have put their trust in systems that cause pain and bring suffering. Education, health and a home are all basic human rights. Business can facilitate the acquisition of these things.

Unfortunately business is also attempting to dictate who is worthy of these things based on the criteria that make business work. Health, Education and housing, are all basic human rights because they are all basic human needs. Without these things in place it is impossible for a human being to manifest themselves to their full potential. We are not animals. And we should not be content to live as such.

By turning basic human needs into commodities to be bought and sold, the business sector has defiled the human condition and turned humanity into nothing more than a business opportunity. There is nothing wrong with the buying and selling of goods and services. But when the needs of the human are subjugated to the rules of a system, then the human is dehumanized. The person becomes merely a consumer, a number, a participant on paper, and nothing more. Just as those who are employed in our economic engine are merely workers serving the interests of those in control of our systems.

So people live and die, go hungry or eat, and become truly educated or remain in ignorance, simply because one may poses more money than another. Or because one may carry more influence than another. All human beings are worthy of these things simply because we are human. Trust no system. Trust yourself. Think for yourself. Find out for yourself. We are not animals and should not be content to live as such.

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By: Mory Oxon http://blogs.reuters.com/great-debate/2009/09/08/winning-back-the-publics-trust/#comment-24041 Sun, 13 Sep 2009 00:35:42 +0000 http://blogs.reuters.com/great-debate/?p=5205#comment-24041 Greed does trump all other things and it will again but this time there is a difference that will delay faith in business. It is about layoffs, under-employment, and reduction and elimination of benefits.

During the period following WW2 through the approximately the mid 90’s employers were as committed to employees as much as the employees were committed to there employers. Somewhere along the line the commitment of employers to employee disappeared. Short term profit became the name of the game – the only name of the game.

Employees feel more disposable than ever. This is important in understanding the relationship of the population towards business. There is no commitment. It is every man for himself. Greed has turned to distrust and fear.

The lack of commitment has led to a generalized skepticism of all American business. The crisis of 2008 has turned skepticism into distrust.

Some time in the future American’s will regain trust in business. Greed will win but this time it will take more time.

This is real.

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By: DAC http://blogs.reuters.com/great-debate/2009/09/08/winning-back-the-publics-trust/#comment-24017 Sat, 12 Sep 2009 18:51:11 +0000 http://blogs.reuters.com/great-debate/?p=5205#comment-24017 We may be well beyond the point in American economic history at which trust in government or business can be effectively restored.

Ethics should matter, but history proves repeatedly that greed wins every time. We don’t train our citizens to think for themselves or to act on their thoughts, and those who do will find few doors open to them for efficacious participation in government or dominant business cultures without compromising their noble notions.

Reading any basic economics history textbook will make it clear that we’ve been in our current economic situation many, many times. Despite the superficiality of an African-American president, we’re not on virgin territory politically, either.

We can rant through pseudo discussions like these, but none of it will matter until the ranters find a way to turn their rants into action. Ah, but this isn’t the 1850s, the 1890s, the 1930s or even the 1960s. We live – and far from bravely — in the stifling plasma of 1984.

Get real

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By: Mory Oxon http://blogs.reuters.com/great-debate/2009/09/08/winning-back-the-publics-trust/#comment-24009 Sat, 12 Sep 2009 17:03:49 +0000 http://blogs.reuters.com/great-debate/?p=5205#comment-24009 The middle and lower classes have no reason to trust our institutions including the big banks, business, and government. The middle and lower classes exists only to be harvested.

The Big Banks shamelessly bringing down the world economy. Americans loose their life savings while others in less developed nations starve. They give themselves enormous bonuses. They change credit credit rates to usury levels. They steal money in the stock market by using flash and high frequency trading. They don’t lend money to the very people who bailed them out. They threaten to leave our country if they don’t get their way (let them go – good riddance). They buy laws and regulations.

Business moves American jobs offshore where people earn slave wages and where there is no concern about the environment. They lay off Americans and reduce their even though they continue to make profits. They pay top management enormous salary’s that are, in some cases, hundreds of times what they pay some of their employees. They move their “headquarters” offshore to avoid taxes though they still remain in America.

Government passes any law or regulation as long as they get paid off. They permit “pay day” and “title” loans that strangle the lower class. They start unnecessary wars costing trillions while many Americans don’t have health care. They speak to Americans in slogans like we are children. They let the cost of a college educations, a requirement for twenty-first century jobs, rise to such levels few Americans can afford or leaves them with crushing debt.

Why should Americans trust our institutions?

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By: Benny Acosta http://blogs.reuters.com/great-debate/2009/09/08/winning-back-the-publics-trust/#comment-24003 Sat, 12 Sep 2009 16:23:26 +0000 http://blogs.reuters.com/great-debate/?p=5205#comment-24003 There is no system that will work period. It doesn’t matter what rules or systems we put in place.

What we lack are people of conscience that run and participate in these systems.

Whether it’s business or government. What we are experiencing right now in terms of turmoil is the direct result of the actions of people without conscience. Our suffering is the result of people who use their intellects to serve their own personal base needs at the expense of their brothers and sisters in this place.

There is no trust to be earned. And people who trust our systems only do so because they don’t know they have any other choice. And this is how those in power in business and government want it.

Trust yourself. Think for yourself. And if a system doesn’t work for you then don’t participate in it.

As long as we value rules over lives we are doomed to fail and to die.

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By: Jonathan Cole http://blogs.reuters.com/great-debate/2009/09/08/winning-back-the-publics-trust/#comment-24000 Sat, 12 Sep 2009 16:05:27 +0000 http://blogs.reuters.com/great-debate/?p=5205#comment-24000 This underpinnings of this problem are all very simple. Corruption. As a recent graduate student in business, it was spelled out in no uncertain terms that ignoring the well-being of the society in which you operate was gross mismanagement. Corporate America, as well as the government are mismanaging to such an extreme degree that they are destroying the underpinnings of society. Yet there does not seem to be any penalty for these social miscreants.

They have rigged the game to such an extreme degree, that as society is blatantly sucked dry, they are personally profiting. Did you ever hear of the quaint concept of conflict of interest? How about malfeasance, misfeasance or non-feasance.

These destructive actors have to be rooted out and prevented from ever having any power again. Without that we’ll get the failure of the system. Why? Because without trust any system becomes every man/woman for themself. Citizens are forced to go along with corruption to survive. Not a pretty picture. Reminds me of the Soviet Union.

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By: Peter J. Middlebrook http://blogs.reuters.com/great-debate/2009/09/08/winning-back-the-publics-trust/#comment-23996 Sat, 12 Sep 2009 14:04:02 +0000 http://blogs.reuters.com/great-debate/?p=5205#comment-23996 I think in general the problem is not just one of public and private accountability vis a vis growth and employment. It’s also one of economic ideology. With global population projected to hit 10.5 billion by 2035 and with an economic ideology premised on maximum growth and resource utilization over time, then guaranteeing the prolongation of the existing high growth model into the 22nd century will be difficult at best. Why is it that the only kind of growth that societies can imagine is ‘capital’ growth? Why is it that ecologically friendly growth is not yet cool and marketable? Why is it that short term gains are valued over longer term futures? Why is that the smallest coffee offered by coffee chains is twice as big as the one I wish to order? Why is it that the packaging I neither want or need can not be separated from the product I do want? Why is it that we have failed as a species to develop a viable public transport system that can seriously replace the excessive use of personal vehicles?

Furthermore, if attaining high growth futures requires excessive leveraging – thereby essentially mortgaging the future – it is logical to see a major right-sizing of the economy as the hype dissipates and real values re-emerge. Yet, as it is the job of businesses to increase production, to increase margins and to maximize employment, and the job of the public sector to create the enabling environment for this to happen, then nothing short of a change in ideology will allow the issues you right talk about to emerge centre stage!

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By: Scarecrow http://blogs.reuters.com/great-debate/2009/09/08/winning-back-the-publics-trust/#comment-23994 Sat, 12 Sep 2009 12:36:51 +0000 http://blogs.reuters.com/great-debate/?p=5205#comment-23994 Humans always tend to overreach. The form of the overreaching varies with time and culture. For the last few centuries we’ve lived in an essentially materialistic culture of which money/capital is the principal medium of the manipulation and allocation of social materialistic forces. it is therefore inevitable that there will be crises of the present sort, just as it is inevitable, given human nature, that there will be war. All one can hope for, and strive for, at best, is to minimize the damage–one cannot eliminate it.

The combination of essentially materialistic values, often with an overlay of nationalism or religion, with a poorly structured mass democracy explains the present situation very nicely–any competent Martian Observer would predict no other outcome. Similarly, cries for melioration or reform are essentially predictable. Even more predictable is that those cries are paralyzed int he vast majority of cases by parochial self interest.

Everyone is ‘brilliant’ when a market, whether stocks, commodities, housing, currency, whatever, is up, and everyone blames others when it inverts. Clearly we’re in the latter phase at present, likely with a second substantial wave down to follow.

The only possibility to moderate some of these excesses of materialistic forces would be to reduce the materialistic value structure of society. That, however, is sufficiently difficult as to be nearly impossible, while paralysis, scapegoating, and business as usual, is far easier.

Guess which of the two we’re witnessing?

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