The reasoning here is upside-down. The problem is not that people have lost faith in institutional authority - rather it is that people have maintained and begotten such faith in our institutions for so long, even as they have continued to rot away.
Putting so many people back in touch with reality has been one of the silver linings of this whole mess.
Exactly right. I'm speaking from the perspective of those in power and influence. They are wringing their hands in worry because a few percentages more of the public don't beleive everything they say.
One of the bigger issues is that most still trust their team (blue/red) but not the other team. They haven't figured out neither can be trusted. They haven't figured out that the ruling parties have more in common with each other than us.