LONDON – Trust in elected leaders has fallen sharply, a global survey revealed Monday, citing the protracted budget battle in Washington that nearly saw the U.S. default on its debts and Europes stuttering response to its debt crisis as key reasons.
Ahead of the gathering of political and business leaders in the Swiss resort of Davos, the public relations firm Edelman found that only 44 percent of university-educated people participating in the survey trusted government, down 4 percentage points from the previous year. As recently as 2011, trust in politicians stood at 52 percent.
The 2014 Edelman Trust Barometer found the largest-ever gap in its 14-year history – 14 points – between trust in government and trust in business.
This is a profound evolution in the landscape of trust from 2009, where business had to partner with government to regain trust, agency CEO Richard Edelman said.
He warned that sinking trust in government could stoke support for more extreme political parties, particularly in Mays election for the European Parliament.
The U.S. saw a dramatic 16 percentage-point fall in the level of political trust to 37 percent, which Edelman attributed to a number of factors, including the debt ceiling standoff in Congress, the revelations of widespread snooping by the National Security Agency and the calamitous start of President Barack Obamas health care policy website.
In Europe, the numbers were similarly dispiriting for elected leaders.
One country that saw plunging trust in government was France, where theres growing concern over the inability of President Francois Hollandes government to get the economy going. According to the survey, only 32 percent in France trust government, down 17 percentage points.
Yet business leaders shouldnt be too relieved, Edelman cautioned.
Even though the overall level of trust in business held steady at 58 percent, the survey found that of the eight groups it monitored, only government officials were trusted less than CEOs – and both groups were the only ones distrusted by a majority of respondents. The most trusted group was academics, followed by technical experts and regular employees.