The concept of trust is one of the main topics that have been explored by the studio in the years 2020-2022, which contributed to the creation of two specific works: Treu (2020) and Trust (2022).
The goal was to explore the multiple meanings and implications of the concept of trust. Due to the pandemic, those years have been characterised by high levels of social and economic disruption that very easily destabilised reality and our lives. In this context, trust has become a fundamental element of our society, now more than ever.
Politics, economics, and our whole modern system are not material realities - they are psychological constructs based on the trust in individuals, in institutions, in the market. For instance, we decide to believe in the value of money or to undertake social changes only if we trust the inventions of our collective imagination.
Trust can decisively influence the performance of an economic cycle. Governments and banks devote considerable resources to the field of communication to influence the level of the population’s trust. For example, "forward guidance" is one of the tools available to central banks to exercise their power in monetary policy to condition, with their announcements, the expectations of the markets on future interest rates and the cost of money. On a macroeconomic level, an increase in confidence leads to a rise in consumption and a greater propensity to invest: both fundamental components of economic growth. On the contrary, if the trust is unfounded and not supported by real development, the consequence is a disproportionate increase in demand and a subsequent unjustified rise in prices. This scenario can lead to the bursting of the so-called speculative bubbles, causing a sudden collapse of the market and consequent repercussions in social terms.
On an individual level, trust is not an innate feeling, but something that is built and evolves over time. Contact with our mothers, fathers, and the sense of security that comes from the family unit contributes to the creation of a feeling of optimism, love, protection - defined by the psychologist Erik H. Erikson as basic trust. Once this is established, it is possible for the individual to trust the outside world, believe in others, and share more complex cultural constructs such as institutions, politics, and economics.
This interest in the concept of trust also found a coherent connection with the theme of the Pochen Biennale of 2020: “Treuhandanstalt”. From 1990 to 1994, the Treuhandanstalt was the agency responsible for the transfer of state-owned assets of the former German Democratic Republic into private property. The expedited procedure, the blind faith in the market and the socioeconomic consequences made Treuhand's actions the most controversial legacy of the reunification of the two Germanys. From this narrative, Treu was born.
On the same line, we decided to keep exploring this topic in Trust, our 2022 solo show at Artechouse New York. On that occasion, the strong connection between trust and society was analysed, focusing on both past and present events, and on speculative futures. Trust has been created to give the audience an immersive experience to contemplate how the presence or absence of trust can shift the perception of our individual and shared realities.
Artechouse NY, 2022 | ph. Max Rykov
Artechouse NY, 2022 | ph. Max Rykov
Pochen Biennale, 2020
Artechouse NY, 2022 | ph. Max Rykov