Elections are a contest not solely for power but also for trust. Politicians know this. That’s why National has portrayed the Government as profligate (translation: untrustworthy with money). Here’s leader Chris Luxon: “For six years, Labour has mismanaged the economy and relied on extra taxation and borrowing to pay for its wasteful spending . . .”
And that’s why Labour has deemed National, Act and New Zealand First prone to culture war agendas (code: don’t believe them). The Prime Minister: “Labour’s message this election will not be fighting imported culture wars but fighting economic wars against inflation.”
That’s also why the media often frames political offerings in trust terminology. Sample headline: “How Labour’s ‘no-frills’ Budget can earn voters’ trust”.
So far, so familiar . . .
The somewhat intangible nature of trust is so crucial because it produces numerous tangible goods. As Oxford academic Tom Simpson notes, “There are many societal benefits that come from high trust . . .” Economist Cameron Bagrie has also connected the dots. At a recent public discussion, he observed that political polarisation causes poor economic consequences. Without trust, collaboration simply cannot happen. This is not only true for small businesses but for the entire economy as well.