In Some Countries Government, Not Banks, Get the Blame

The Occupy Movement likes to market itself as a global awakening, a spontaneous reaction to capitalism’s implicit unfairness and corruption. Of course the movement turned out to be a western oriented whine-fest from those who were middle class enough to have the time and resources to designate themselves the spokespeople of the victims of capitalism.

In North America and Western Europe the Occupy movement’s favorite target is the banks and financial services who supposedly caused the crash of 2007. 

While amongst the whining and bitching middle class that created the Occupy movement it is fashionable to blame banks and financial services for the economic situation, this attitude is far less prevalent that the Occupyers would like you to think.

A recent study from the Pew Research Center shows that ninety-two percent of Indians blame the government for their economic situation, while only seventeen percent blame banks or financial institutions. Ninety one percent of Mexicans and Japanese also claim that the government is the primary or secondary culprit responsible for economic hardship.

From Pew

Among those who think the economy is doing poorly, people in 16 of 21 countries fault their own government, some overwhelmingly so. Particularly angry at their leadership are the Pakistanis (95% blame the government as a primary or secondary culprit), Indians (92%), the Mexicans (91%), the Japanese (91%), the Czechs (91%) and the Poles (90%).

Young people in Britain, France, Germany, Spain, Tunisia, Mexico, Brazil and Japan tend to blame the government. And in Britain, France and the Czech Republic, women are more likely than men to blame the government for the economic crisis.

One of the most revealing parts of the study is the measurements of attitudes towards capitalism across the world. Between 2007 and 2012 the number of people in the United States who believed that the statement “Most people are better off in a free market economy” was either “completely true” or “mostly true” fell from seventy percent to sixty-seven percent. The biggest measured drop in confidence in capitalism was in Italy where confidence in capitalisms ability to make people better off fell from seventy three percent to fifty percent. Surprisingly, one of the only two countries to have an increased confidence in capitalism is socialist-led France. 

While it is not surprising that attitudes towards capitalism have shifted since the 2007 crash, some might be surprised about who is getting the blame for the current economic situation. 

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  • Caleb Turberville||

    OT: http://www.youtube.com/watch?v=WZEJ4OJTgg8

    Remember when Occupy kidnapped Picard and forced him to speak for the Collective?

  • A Serious Man||

    Remember when Ricky Gervais revealed to the world what a sex fiend Sir Patrick Stewart is?

  • Caleb Turberville||

    I'm sure Trekkies were psyched when one of their own got knighted. "Take that, Sir Alec Guinness!"

  • Randian||

    I would totally watch that movie.

  • Pro Libertate||

    Do you think Lifeforce affected him in some way?

  • Hyperion||

    Kirk would have kicked all their whiney arses, and then kicked baldy Picards butt too.

  • Pro Libertate||

    Well, I'm an American. And I blame the government. The U.S. government, if that's not clear.

  • Auric Demonocles||

    I am less specific than you. I also blame many of the state governments. And some local ones too.

  • ||

    Well I also blame governments in other countries.

  • BakedPenguin||

    Don't forget the UN.

  • ShagNasty||

    and the EU

  • Pro Libertate||

    Remember back when science fiction stories just assumed the UN would become a world government? Funny what a joke that idea is today.

  • Pro Libertate||

    I blame them, too, but I think most of the economic problems right now can be pinned on the federal government. To the extent that isn't true, I shall blame the federal government as a proxy for other governments. Why? My personal Tax and Spending power just expanded, allowing me to do anything I want.

  • SugarFree||

    I blame Warty and I dare you to prove me wrong.

  • Pro Libertate||

    I think this may be one of the few crimes he's not responsible for, though I could be wrong.

  • SugarFree||

    It's like a foul onion of reeking doom: Peel away enough layers and there's always Warty, dick in hand, streaks of blood on his face, and dancing to the rhythm of far-off screams.

  • Pro Libertate||

    In the beginning, there was void. Then there was Warty.

  • ||

    Some people may call me a cynic for thinking there is nothing the government can do right.

    (The end. There's no second part to that statement.)

  • $park¥||

    That's not cynical, that's just good sense.

  • VG Zaytsev||

    They're really, really good at fucking stuff up.

    So good at it, in fact, that they don't even have to try.

  • Hyperion||

    I would call you correct.

  • Aresen||

    Blaming the government is NOT the same as being 'free market.'

    I am willing to bet that a lot of those people who blame government are doing so because it is not anti-capitalist enough.

  • ||

    My take was that they were two different questions, and F-f-f-feeney thought it was worth noting that some countries faith in free markets is improved.

  • ||

    I think the survey mentioned in the article about attitutes towards a free market economy pretty much confirm that statement.

  • Paul.||

    I am willing to bet that a lot of those people who blame government are doing so because it is not anti-capitalist enough.

    Two snaps up!

  • ||

    Not enough free money.

  • ||

    But the banks are trying to make profits. Their intentions are evil. The government's heart is in the right place. It's the evil profit-seekers that keep getting in the way.

  • Mike M.||

    Speaking of Italy, Moody's has just downgraded their bonds two notches from A3 to Baa2 with a negative outlook. That's just a couple of notches above junk bond status.

  • Randian||

    Those bond companies should be absolutely brutal. They could save the global economy if they didn't let fear get in their way.

  • Paul.||

    Speaking of Italy, Moody's has just downgraded their bonds two notches from A3 to Baa2 with a negative outlook.

    Didn't someone around here post a better system for bond ratings?

    I seem to remember they took issue with the super-duper triple smiley-face rating system, and preferred a simple, A,B,C,D

    'A' = barring the zombie apocalypse, you'll get your money back.

    'D' = being California.

  • Tulpa the White||

    Baa2 -- sounds like a sheepfucker level rating.

  • affenkopf||

    Blaming the government or the banks.
    Wait, there's a difference?

  • Hyperion||

    The distinction has been heavily blurred. Add big corporations to that. So in effect, the Ocupods are correct, it's just that they think the government is going to save them.

    I don't know why it is so hard for them to figure out the following scenario:

    I get elected to a high federal office, say... Senator. I invite big time CEO over to my office, get all buddy buds with him and say 'hey, you get me a big ol pile of cash, and I can introduce new legislation that will basically drive out all of your competitors.' So CEO guy does as offered and soon he is filling his swimming pool up with hundred dollar bills, and now I get more big piles of campaign cash. And only CEO guy is to blame for this? And I am going to save the people from him? It is so laughable that the Ocupods actually think in this way.

  • ||

    There was a prominent state senator in my area who ended up in prison for being a little to a aggressive or asking for "campaign contributions".

  • ||

    What's the dif between a bribe and a campaign contribution? After they've had contributions for a few years that come to expect them.

  • Juice||

    It never ceases to amaze me when people want to be saved from the evil corporations by the government that is run by the evil corporations.

  • Hyperion||

    I have a novel idea. If it is indeed governments that are causing all of our problems, let's have less government.

  • Pro Libertate||

    No, no, it's not their fault. They just need more power. Like an infinite amount.

  • Hyperion||

    And more ... umm.. ta... I mean revenue.

  • $park¥||

    Exactly. I keep hearing that the country doesn't have a spending problem.

  • Paul.||

    Governments have plenty of money. It was stolen from the with tax cuts.

  • $park¥||

    But then who would give us all free stuff?

  • Paul.||

    This post is refreshing. Because my impression of the American Occupy Movement's message was:

    Government: Bigger, longer and uncut!

  • The Hammer||

    Beautiful.

  • Loki||

    Surprisingly, one of the only two countries to have an increased confidence in capitalism is socialist-led France.

    I wouldn't think that would be all that surprising. They know first hand what kind of results the alternative produces.

  • Paul.||

    I think it's very surprising. If they're so suspicious of socialism, why did they just elect a socialist?

    It's like you can call America a Libertarian-leaning country all you want, but our voting habits, elected leaders and government structure defy that.

  • Robert||

    Elections are path dependent, producing paradoxic results. Plus there are many issues, prioritized differently, personality issues, and naked interest group politics.

  • Juice||

    In North America and Western Europe the Occupy movement’s favorite target is the banks and financial services who supposedly caused the crash of 2007.

    But they did cause the crash. Hello?

  • Tulpa the White||

    As usual, the Pew retards don't mention their margin of error in the survey.

  • hotsy totsy||

    Interesting that over 70% in China favor the free market, but less than 40% in Japan.

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