The Growing Crisis of Confidence: A Sign of Things to Come in the U.S.

After decades of relative prosperity, peace and stability, the world of the American worker has been turned upside down. The depth of the distrust felt by millions of Americans was revealed in a Reuters/DecisionQuest poll according to which, fully 61 percent of Americans have lost faith in their leaders and institutions over the past four years. At the top of the list contributing to this feeling was the war on Iraq, followed by the 2000 presidential election fiasco, the numerous financial scandals, and terrorism. John Peterson looks at the meaning of these findings.