People's Trust in government

People's Trust in Government has dropped due to dissatisfaction

People's Trust in Government

Introduction

Over the years, numerous scandals were associated with Wall Street. Individuals who are even the Head of companies did not follow the practices of business ethics. During September 2011, the Occupy Wall Street protest started against the economic inequality and corporate greed which has shaken the pillar of American Capitalism. Around 70 major cities of America and 600 communities have joined the protest because the economic inequality has created unrest, not only on the national level, but, on the global level. The lives of every person affected due to the imbalance in the economic system. The slogan for the protest was “Occupy Wall Street”.

Problem

The research focuses on people's lack of trust in Government due to dissatisfaction on several different issues. Wall Street movement is a proof that people do not have trust on government.

Hypothesis

H1: Wall Street movement proofs that people's trust in government has dropped due to dissatisfaction

Literature

Occupy Wall Street Protest started in the mid of September. The apparent reason for the start of the protest was the economic, social and political issues. Although the agendas of different protestors are different, but, the few issues raised by protestors are as follows:

Financial Crises

According to some of the protestors and the placards which they were carrying, the bankers were not severely punished, although they were the main reason behind the collapse of the economy. In an opinion, the financial crisis was a serious issue, but, the mess created by the crisis cannot be corrected with these protests. The financial crisis of 2007-2008 has affected the economies of many nations of the world and the governments of these countries have designed several reforms, policies and strategies to minimize the after effects of the disastrous financial crises. However, it is not a piece of cake. The world has seen the peak of economic progress during capitalism, and now it is time to see the lows of capitalism. The damage caused by capitalism cannot be corrected in few days.

Income Gap

The raising income gap between the rich and the poor is a serious issue of concern. The economic and financial crisis has adversely affected the consumption patterns of American population. The lives of American citizens adversely affected. The rich is getting richer, and the poor is getting poorer. According to an analysis, the raising income gap is the most important issue that needs urgent attention. It is the working class which is working day and night striving for a decent standard of living. However, it is the elite class and entrepreneurs who are getting the fruits of their hard work and sacrifices. Moreover, the work timings are getting longer. The pay raises, old age benefits and wage rate have declined. To make thing worse, despite doing the hard work, the jobs are not secure, and the unemployment rate is continuously inclining.

Corporate Greed

Human wants are unlimited. The corporate greed of entrepreneurs and elite class has increased, due to ...