Maybe I'm not cynical yet, maybe I haven't experienced as much as many people, but ...
As far as self-regulation goes, compared to other industries that have the percentage of funding from the government that we do (~60%), we're relatively free. Just not free from an absolute standpoint. As far as educating, doing research, and for the most part, the practice of medicine is guided by the physician. Maybe funding isn't, maybe reimbursement isn't, maybe if you are a salaried employee of a tightly regulated HMO, then the powers from above might trip up your game.
I think the public definitely has faith in us. Even with all the med-mal, the short visits, the advertising from enterprising docs, the endless paperwork patients endure, the increasing copays and premiums ... I still have mostly positive patient interactions. I'm not saying every one is great, but most of the patients, especially the ones most in need (the elderly, the critically ill, parents of sick children) are generally very satisfied and comforted when I spend my time with them.
Also, when I meet people on the outside, at least to my face, almost every single one of them is impressed and happy to see that I'm pursuing what I pursue. My friends and family feel the same way, as well. The admin and techs where I'm at right now are the same way.
Maybe I've just had unique experiences. At the Tulane hospitals, Charity, VA and the elective places I've rotated: Mayo, Beaumont, U of Chicago, UT-SW, doctors are still regarded highly, by patients, staff, and the public. And this being the case, by organizing and having the possiblity of a strike, I think it cheapens the field considerably.
I can understand people's frustrations with the way things are and appear, but we don't want to lower ourselves by organization. If you run with dogs, you'll catch fleas.
Simul