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Economy
In reply to the discussion: Weekend Economists Reminisce: Black Monday October 19, 1987-2012 [View all]xchrom
(108,903 posts)36. We're Living In A Zero-Trust Economy
http://www.businessinsider.com/were-living-in-a-no-trust-economy-2012-10
Trust is one of the most (if not the most) important values to build, grow and maintain in any type of relationship, whether professional or personal. It is one of those values that, once broken, can never be fully repaired. Unfortunately, for some time now the world has been in a Zero Trust Economy," which has been growing and spreading around the world.
Today, if you speak to any well-experienced business person whose career spanned the 1980s and before, you will hear a number of themes connected by threads of confusion, disappointment and depression. You hear of days when things were easier, when people respected and looked out for one anothers interests. Not to say that there werent exceptions of betrayal, corruption and conflict; but it was not as widespread as what we see today.
The general atmosphere is that nobody trusts anybody anymore. Instead of ones values following the business trends of partnerships, globalization and world-level purposes and goals, our values have recoiled internally to the individual and, in some cases, forgotten.
Today, not only may economies around the world be declining, but our values are also in a recession. It is extremely rare to find anyone who does not put their own personal interests ahead of anything or anyone else. The value of trust now comes with the questions, Whats in it for me? and What do they get out of it? It is a system of checks and balances.
Read more: http://www.businessinsider.com/were-living-in-a-no-trust-economy-2012-10#ixzz29qS8Mfhq
Trust is one of the most (if not the most) important values to build, grow and maintain in any type of relationship, whether professional or personal. It is one of those values that, once broken, can never be fully repaired. Unfortunately, for some time now the world has been in a Zero Trust Economy," which has been growing and spreading around the world.
Today, if you speak to any well-experienced business person whose career spanned the 1980s and before, you will hear a number of themes connected by threads of confusion, disappointment and depression. You hear of days when things were easier, when people respected and looked out for one anothers interests. Not to say that there werent exceptions of betrayal, corruption and conflict; but it was not as widespread as what we see today.
The general atmosphere is that nobody trusts anybody anymore. Instead of ones values following the business trends of partnerships, globalization and world-level purposes and goals, our values have recoiled internally to the individual and, in some cases, forgotten.
Today, not only may economies around the world be declining, but our values are also in a recession. It is extremely rare to find anyone who does not put their own personal interests ahead of anything or anyone else. The value of trust now comes with the questions, Whats in it for me? and What do they get out of it? It is a system of checks and balances.
Read more: http://www.businessinsider.com/were-living-in-a-no-trust-economy-2012-10#ixzz29qS8Mfhq
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SMW is must reading at DU. I cannot possibly thank all of you enough. Each day all of you
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