The authors of the annual Edelman report on people's trust in major institutions should be forgiven for declaring a bankruptcy in their most recent annual survey, published last week.
They had already used "Trust in Crisis" as a title of the report back in 2017, so they couldn't say that again. And bankruptcy often follows a crisis that only gets worse.
This year's report may have been the most pessimistic ever, but it initially grabbed my attention because of its potentially hopeful conclusions about business.
The report's main point is that of the four big institutions people were asked about — government, nonprofits, media and business — only business was thought of as both ethical and competent.
Maybe business leaders really are well-positioned to address big problems in the world, such as making sure everyone can be included in the recovery from the pandemic.
It turned out, though, that people around the world surveyed by Edelman didn't necessarily think good things about American businesses.
Business in general only barely crossed the bar into the category of trustworthy, according to the Edelman methodology, but American business fell short. Trust in American-based companies around the globe had never been lower in the 21 years Edelman has been doing this survey.
This is not to pick on American business and business leaders, by the way. Trust in the media increased in most of the 27 countries surveyed by Edelman this last year, but not here. American media landed firmly on the not-trusted end of the scale, and the share of Americans who trust the media slipped again.