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Trust in the age of uncertainty

The latest report published by the Einaudi Centre outlines the complexity of the situation and the need for clear information.

In an era of fog and dark horizons, we need clear guides in order to avoid getting lost along the way. These guides are of use to everyone, both businesses and individuals: not in order to beat a single path to the future, but rather to provide access to the tools required to understand where we are, and accordingly, which direction and which road we need to take.

This is the meaning you will glean from a reading of ‘Il tempo delle incertezze. XXIV Rapporto sull’economia globale e l’Italia’ (‘The age of uncertainty: 24th report on the global economy and Italy’), edited by Mario Deaglio and published recently by the Einaudi Centre in Turin.

As is usually the case, the report by the Einaudi Centre presents itself as a starting point for a critical re-assessment of the occurrences of the last twelve (very intense) months. Deaglio and his colleagues thus re-examine and analyse the key events concerning Europe and Italy in 2019, as well as focusing their attention on Donald Trump’s America and Xi Jinping’s China, the increased tensions in the Middle East, and on labour, capital, the new faces of capitalism and the impact on the climate of these developments. The series of investigations that constitute this book, therefore, begin with an analysis of the global situation (the overarching feature of which is ‘disorder’), before taking a closer look at the sequence of events that have occurred in the US and the EU and the key traits of capital and labour within this period. They then come back to focus on the relationship between the continents against this backdrop, and end with an in-depth examination of the Italian situation, that of a country totally enmeshed in international events and yet characterised by a number of features that are almost unique.

The book is presented as ‘an attempt to provide a different perspective, looking at the situation from a different angle to that we are accustomed to day to day, providing an alternative reading and reflection upon data and events in a world of shrinking resources and increasing uncertainty, with a view to contributing to the challenging search for new solutions to new (and old) problems.’ This is an accurate description of this work, written by several contributors, which delivers fundamental guidance that applies to everything and everyone. In a situation where uncertainty seems to reign over certainty, what really counts is not only correct information, but also the extent to which this is circulated, and the degree of trust that exists within individual entities.

‘Il tempo delle incertezze’ is a valuable read for all of us (though not necessarily an easy one); it is of particular benefit for those who wish to be more aware of the situation as it stands today, as well as those who – whether entrepreneurs, managers or key figures within institutions – are tasked with making conscious, informed decisions.

Il tempo delle incertezze. XXIV Rapporto sull’economia globale e l’Italia
Mario Deaglio (edited by)
Guerini, 2020