US public faith in its public institutions has dropped dramatically according to the Edelman Trust Report. At the same time, trust in China has increased. The 2018 Edelman Trust Barometer report states that the United States has experienced a massive collapse in the faith of its institutions by the American public.
Edelman Trust Report Results
Last year, there was a massive 37% slump in trust in the US over the government, business, media and NGOs (non-government organizations) according to the 2018 Edelman Trust Barometer report. The report covers 28 countries, and US public faith was the worst by far.
According to the report, this decline in the trust that the population has in its institutions is the steepest ever recorded. This declines measured not only in the general population but also among the ‘informed public.’
The US tops the list of countries that have lost most trust at 37% lost. Italy stands at -21% with Brazil and South Africa next in line. China has gained 27% in trust, followed by the UAE (United Arab Emirates) at +24%, South Korea (+23%) and Sweden (+20%). Malaysia and Poland were the next two gainers of trust.
Why Has US Public Faith Dropped So Much?
What is the problem in the United States? Lack of US public faith in the government is one major issue. This fell 14 points to 33% among the general population, and to the same 33% among the ‘informed public’, this is a 30 point slump among this group, from 63% down to 33%. The American population is not impressed by the current government. According to Edelman, it is ironic that this slump in confidence comes at a time when employment rates are high and the stock market is up.
China has Largest Increase in Trust
China has experienced the largest increase in trust among both the general population and the ‘informed public.’ China’s middle class is growing and government and state-run media are trusted by the Chinese population. A business trust is also on the up, particularly with regard to large companies such as Alibaba and Tencent, both of which have made massive gains internationally.
US Public Faith Unlikely to Increase Soon
Media has particularly lost a great deal of trust in the US. This seems to have a lot to do with the media bashing policies of some American politicians. It is believed by many that the media is biased and inaccurate. US public faith is unlikely to increase in the short term. The government has some way to go to regain the trust of its population. However, this does not seem to have hit the markets as yet, but it still may.