Here are some possible answers. Society has profoundly changed in the last three decades.
The main point I tried to make is that the means for generating trust must themselves evolve. I think we should take that revealed consumer preference for more news and news-like goods at least as seriously as we should take these poll numbers.
Big institutions are less trusted. Anyone who invested in private companies in return for dividends would have to pay close attention to their books. And since the latter is huge the former should be too. What is it about startups that makes other companies want to buy them? Pretty much every successful startup will get acquisition offers too.
This complicates the case. The comment thread at this post may be the best since I started. Newsrooms were getting bigger, too: It may be that some of these limits could be overcome by changing the shape of the organization — specifically by sharding it. Just part of the power structure now. I see two structural trends coming from outside of journalism as the main drivers of media distrust.
I am going to keep this post open for a week and add the best ideas I get to my list. Just as our ancestors did to explain the apparently too neat workings of the natural world. And this takes its toll on trust.As you can see from the chart, the percentage of Americans who had a “great deal” or a “fair amount” of trust in the news media has declined from over 70 percent shortly after Watergate to about 44 percent today.
A company that grows at 1% a week will grow x a year, whereas a company that grows at 5% a week will grow x. A company making $ a month (a typical number early in YC) and growing at 1% a week will 4 years later be making $ a month, which is less than a good programmer makes in salary in Silicon Valley.Download