Economic Insecurity and Trust artwork
TrustTalk - It's all about Trust

Economic Insecurity and Trust

  • E15
  • 23:16
  • March 21st 2021

Interview with Ian Shapiro, professor of Political Science at Yale University. In his view, the underlying problem of increased mistrust is economic: the disappearance of long-term employment security, the decline of middle-class incomes, and the downward mobility of many middle-class people. A great motivator of action is the fear of experiencing a loss, which fear is exploited for political gain. In Europe, it is the failure of left-of-center parties to protect their constituencies and the inability of the traditional social democratic mainstream parties to deliver the sort of protections that they used to provide. This is all linked to economic factors, the decline of industrial jobs, the collapse of labor unions, globalization, jobs going to technology. That is causing mistrust in political institutions which is exploited by political entrepreneurs as a way of getting to power, resulting in populism. It is a failure of the political, educational, and economic system to deliver security that is breeding mistrust. He talks about the cause of polarization in political parties and the complacency of businesses while desperate people are being mobilized by politicians who are going to do things those businesses don’t like: immigration, trade wars, protectionism.

The interview covers also his newly published book “The Wolf at the Door” which he wrote with Michael Graetz, about rising inequality as a threat to democracy.

TrustTalk - It's all about Trust

TrustTalk podcast covers all aspects of Trust. Trust is more relevant than ever. Trust is everywhere. Trust has many faces. We will dive in all aspects of trust in the lives of people: trust in technology, social networks, trust in politicians, trust in facts, communications and journalism, the judiciary, your partner, employer or employee. Trust is not something that comes for free, most of the time it requires a lot of effort to gain and once gained, to keep it. Without Trust, nothing works.

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Meet the Host

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Severin de Wit
Your TrustTalk podcast host

Former attorney-partner at several law firms, lastly Simmons & Simmons, he started in 2010 the IPEG consultancy (Intellectual Property Expert Group) with 24 international IP consultants. Severin is chairman of the Netherlands foundation "Stichting PleitAcademie", a certified training institute for attorneys and law professionals. With the TrustTalk podcast and the website ( he is pursuing his passion for trust. Nothing works without trust.

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