Try GOLD - Free
An old-fashioned cure for fading trust in government
Business World Philippines
|December 08, 2025
ACROSS much of the industrial world, trust in government is low and declining.
Why is this happening and why, exactly, does it matter? An unusually thorough new study looks at these questions and finds answers that are somewhat unexpected and, in one way, more disturbing than you might have guessed.
The fact of diminished trust is hardly a revelation, least of all in countries such as the US, where anti-establishment populists have turned politics upside down and elite expertise has become not just distrusted but disdained.
Last year a survey found that fewer than one in six Americans expect Washington to do the right thing “nearly always” (1%) or “most of the time” (15%). At the turn of the century, such measures for the US were more than twice as high. Across the Organization for Economic Cooperation and Development, many other countries (including the UK, the Netherlands, Spain, New Zealand, and Chile) have also seen trust decline. But in others (such as Finland, Ireland, Portugal, and Mexico) trust has increased. Levels of trust, as opposed to rates of change, also vary a lot. These widely differing patterns make it possible to examine causes.
On the face of it, the collapse of trust seems like a phenomenon of social psychology — a perspective that tends to highlight a confluence of cultural and technological factors. Social media, disinformation and misinformation, echo chambers, epistemic bubbles and whatnot are often taken to be responsible.
This story is from the December 08, 2025 edition of Business World Philippines.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business World Philippines
Business World Philippines
The Bistro Group, going loca(l)
THE RETURN of Krazy Garlik under The Bistro Group's portfolio signifies Bistro's respect for local culture and its motivation to do more in the local scene (as opposed to their forte, bringing in international franchises).
2 mins
December 11, 2025
Business World Philippines
Peso edges up before Fed, BSP decisions
THE PESO inched up against the dollar on Wednesday as investors await the policy decisions of the US Federal Reserve and the Bangko Sentral ng Pilipinas (BSP).
1 mins
December 11, 2025
Business World Philippines
Recycling as trade defense
Starting August 2026, Philippine brands that export food, cosmetics, electronics, and other goods to Europe must meet new standards on recyclability, labeling, and empty space. Failure to comply can create new barriers to entry.
5 mins
December 11, 2025
Business World Philippines
BSP, SEC ink deal on PERA data sharing
THE BANGKO SENTRAL ng Pilipinas (BSP) has signed a memorandum of agreement (MoA) with the Securities and Exchange Commission (SEC) to exchange and manage information on Personal Equity and Retirement Account (PERA) contributors.
1 mins
December 11, 2025
Business World Philippines
Gold rises; silver hits $60/oz milestone
GOLD GAINED on Tuesday as traders remained optimistic ahead of the US Federal Reserve's interest rate decision, while silver rose to hit an unprecedented $60 per ounce (oz) milestone amid supply constraints.
1 mins
December 11, 2025
Business World Philippines
ADB approves $400-million loan to improve ease of doing business in the Philippines
THE ASIAN Development Bank (ADB) has approved a $400-million policy-based loan to support the Philippine government's efforts to improve the ease of doing business in the country.
2 mins
December 11, 2025
Business World Philippines
US stocks end slightly lower as investors await Fed rate decision
THE S&P 500 ended Tuesday’s session slightly lower as investors anticipated that the US Federal Reserve would take a hawkish tone even if it cuts interest rates this week, while JPMorgan was the heaviest drag on the benchmark index after the biggest US bank warned of hefty expenses for 2026.
2 mins
December 11, 2025
Business World Philippines
Soybean futures extend slide; corn climbs after USDA data
US soybean futures hit their lowest in more than a month on Tuesday, pressured by uncertainty about Chinese demand for US supplies as well as expectations of large South American harvests, analysts said.
1 mins
December 11, 2025
Business World Philippines
ADB says PHL still likely to post second-fastest growth in Southeast Asia
THE ASIAN Development Bank (ADB) slashed its growth forecasts for the Philippines for this year and 2026 but it is still expected to be the second-fastest growing economy in Southeast Asia.
3 mins
December 11, 2025
Business World Philippines
Unemployment rate rises to 5%, highest in 3 months
THE NUMBER of jobless Filipinos rose by about 570,000 to 2.54 million in October from a year earlier, even as overall employment increased by 460,000, the Philippine Statistics Authority (PSA) reported on Wednesday, underscoring persistent vulnerabilities in the labor market despite headline job gains.
3 mins
December 11, 2025
Listen
Translate
Change font size
