« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Faith in Capitalism declines...

By: Decomposed in ROUND | Recommend this post (0)
Mon, 30 May 11 12:19 AM | 186 view(s)
Boardmark this board | De's Test Board
Msg. 33145 of 45510
Jump:
Jump to board:
Jump to msg. #

From the Economist: http://www.economist.com/blogs/dailychart/2011/04/public_opinion_capitalism


Public opinion on capitalism
Market troubles
Apr 6th 2011, 15:25 by The Economist online

..Which countries are most in favour of the free market?

FAITH in the free market is at a low in the world's biggest free-market economy. In 2010, 59% of Americans asked by GlobeScan, a polling firm, agreed "strongly" or "somewhat" that the free market was the best system for the world's future. This has fallen sharply from 80% when the question was first asked in 2002. And among poorer Americans under $20,000, faith in capitalism fell from 76% to 44% in just one year. Of the 25 countries polled, support for the free market is now greatest in Germany, just ahead of Brazil and communist China, both of which have seen strong growth in recent years. Indians are less enthusiastic despite recent gains in growth. Italy shows a surprising fondness for markets for a place that is uncompetitive in many sectors. In France under a third of people believe that the free market is the best option, down from 42% in 2002.

So. As government intervention into the banking sector, the economy, wall street and healthcare SOARS, and as economic problems consequently multiply like friendly little bunnies, the populace loses its faith in the 'Free Market.' Figures. In this world of morons, who do you think will be turned to to improve upon the current system?

Simultanously, clamor over government spending is on the rise, as are calls for austerirty - but only austerity to the extent that it doesn't affect the clamoring public's and clamoring politicians' own pet projects.

In such a world, it's extremely difficult to find grounds for optimism.

Now excuse me ... while I throw up. 




Avatar

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months




» You can also:
« ROUND Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next