A Call for a New Social Covenant

huffingtonpost.com — In the past 20 years, the world has witnessed the death of social contracts. We have seen a massive breakdown in trust between citizens, their economies and their governments. In our own country, we can point to years of data painting a bleak picture of the confidence Americans have in any of our traditional institutions. Former assumptions and shared notions about fairness, agreements, reciprocity, mutual benefits, social values and expected futures have all but disappeared. The collapse of financial systems and the resulting economic crisis not only have caused instability, insecurity and human pain; they have also generated a growing disbelief and fundamental distrust in the way things operate and how decisions are made.

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