Among those surveyed in the report published today, 56 percent thought that capitalism was doing more harm than good despite another year of solid economic growth and near-full employment in many developed countries. The stark finding could cause a stir among the business executives and political leaders as they make their way to the annual meeting of the World Economic Forum. “We are living in a trust paradox,” said Richard Edelman, the chief executive of Edelman, which has been doing the survey for 20 years. “Since we began measuring trust, economic growth has fostered rising trust.”Though that relationship between economic growth and faith in the system remains in developing areas such as Middle East and Asia, the survey found that rising inequality in many rich countries has contributed to a weakening in trust in capitalism. Corruption, corporate misbehavior and fake news are eroding trust, Edelman said, as are fears over automation in the workplace, a lack of training, immigration and the gig economy.

Source: The Standard January 20, 2020 11:03 UTC