A BBC survey finds a high degree of skepticism about “free market capitalism” across 27 countries. Even in the U.S., fewer than one-quarter of respondents agreed that it “works well and increased regulation will make it less efficient”. Overall, “free market capitalism” garnered uncritical support from only 11% of respondents, while nearly a quarter agreed that it “is fatally flawed and a different economic system is needed”, and a majority endorsed regulation, reform, and redistribution to cure the inefficiencies and inequities of capitalism.
Survey reveals little faith in “free market capitalism”, widespread support for regulation and redistribution
Posted on November 8, 2009 by LuckyJimJD