Sunday 14 June 2009

People we trust the least

Having just participated in a recent poll I found the results interesting, predictable and worth sharing.
A leading newspaper (not the sensacionalist rag I normally peruse) has managed to break away from Susan Boyle and is addressing one of the crucial and timely questions.

Who do we least trust; politicians, bankers or journalists?

Obviously the bankers have been in for a lot of stick recently, particularly Fred "shredder" Goodwin from RBS, who have been seen by many as responsible for most of our current problems - world crash, unemployment, poverty, global warming and the recent cold spell etc. - but in an anonymous poll that doesn´t seem to be the case.

The bankers came in 3rd place with 21.4% of the mistrust vote closely followed by journalists in 2nd at 30.7%, no surprises to see that politicians are there with 47.8% of mistrust.

One of the comments I found most interesting was the conspiration theory (there always seem to be people who credit government with the intelligence and organization to implement clever but naughty stuff) that politicians and journalists have colluded to make the most of the current situation to sort out their finances.

So the theory goes that with the credit problems, governments have been able to take over financial institutions for a fraction of their true worth in order to make a large killing when share prices rise again. Not being much of a believer in conspirations, I always think these things are caused by random luck and coincidence, however this could be a golden lining to the cloud we seem to be in at the moment.

This takes me on to another half baked theory I have been working on after seeing a bunch of companies backed by their national governments buying up other companies.
I am now of the opinion that the US led capitalist bubble has burst and that we will see companies such as Fiat etc. helped by their governments in order to grab share of world commerce.
Seems to make sense that when the world is "on sale" now is the time to extend your boundaries, most empires have historically fallen under similar circumstances.