An Expert on Trust Says We're Thinking About It All Wrong

Rachel Botsman, author, during a panel session on the closing day of the World Economic Forum annual meeting in Davos, Switzerland, on Jan. 19, 2024. Credit - Stefan Wermuth—Bloomberg/Getty Images

It’s always tempting for journalists to search for threads that connect disparate news stories, and easy to overstate their significance. But it’s remarkable how much one such thread—declining trust in the institutions that once dominated public life—ties together so many of today’s major headlines, from our deeply polarized politics to the proliferation of crazy conspiracy theories. This decline, sometimes called a “crisis of trust” or a “trust deficit,” has of course become an increasingly common topic in newsrooms and think tanks and global conferences that conjure a world without trust and search for solutions.

But Rachel Botsman, an author, teacher and Substacker who is considered one of the leading experts on the topic, argues we’re thinking about trust wrong. I met Botsman earlier this year at the World Economic Forum at Davos (theme: “Rebuilding Trust”). Because we’re asking many of the wrong questions about trust at places like Davos and elsewhere, she says, we’re missing some of the solutions. Below, condensed and edited for clarity, is our conversation about why that is, and how to fix it.

We hear a lot that trust is in decline. But that's not really your view, is it? It's more that it's in a state of redirection or fragmentation?

Trust is like energy—it doesn't get destroyed; it changes form. It's not a question of whether you trust; it's where you place your trust. In society today, trust is shifting from institutional trust to “distributed trust.” Trust used to flow upwards to leaders and experts, to referees and regulators. Networks, platforms and marketplaces change that flow sideways to peers, strangers and crowds, creating a dispersion of authority and fracturing of trust.

A lack of acceptance that the trust dynamics have changed, I think, is a systemic problem. We're trying to solve trust issues in the distributed world through an institutional mindset.

And if I'm a leader of an institution or a company, then I can learn from that.

Yes. It's like, "Oh, my trust went over there. That's where it's gone." That's how they're being influenced. “That's where I've got to be.”

You've said that crucial context is missing from a lot of conversations about trust.

Talking in general terms about trust is not helpful because trust is a belief, and like all beliefs, it is highly subjective and contextual. Whenever we ask the question, "Do you trust fill in the blank?" we should follow with "to do what?"