When it comes to the size of corporates, most Americans are wary of giant-sized ones straddling continents and effectively controlling many a government.
According to a new Gallup poll, as many as 67 percent of Americans are unhappy over the size and influence of major corporations in the U.S. today.
Not only that, the most recent Chicago Booth/Kellogg School Financial Trust Index found that only 26 percent of Americans trust our financial system at this point, says a Daily Markets report.
It further reported:
-- Only 26 percent of Americans trust the nation’s financial system.
-- Only 13 percent of Americans trust big corporations.
-- Only 16 percent of Americans trust the stock market.
-- Only 43 percent of Americans trust the banks.
The growing distrust among Americans towards big corporates and the nation's financial institutions is a result of the financial crisis and the massive governments bailouts which it led to.
The American people are still wondering where their “bailouts” are. Most of the big banks and big corporations seem to be thriving even while the number of Americans slipping into poverty continues to grow, the report says.
Biting unemployment in the U.S. is complicated by the rise in food prices, average American families are going to feel more strain at the supermarket, it says.
No wonder the people feel that mammoth international corporations completely dominate the economy while institutions continue to fail to offer succor!