Originally post and full report available here.
Twenty years after the fall of the Berlin Wall, a new BBC World Service global poll finds that dissatisfaction with free market capitalism is widespread, with an average of only 11% across 27 countries saying that it works well and that greater regulation is not a good idea.
In only two countries do more than one in five feel that capitalism works well as it stands–the US (25%) and Pakistan (21%).
The most common view is that free market capitalism has problems that can be addressed through regulation and reform–a view held by an average of 51% of more than 29,000 people polled by GlobeScan/PIPA.
An average of 23% feel that capitalism is fatally flawed, and a new economic system is needed–including 43% in France, 38% in Mexico, 35% in Brazil and 31% in Ukraine.
Furthermore, majorities would like their government to be more active in owning or directly controlling their country’s major industries in 15 of the 27 countries. This view is particularly widely held in countries of the former Soviet states of Russia (77%), and Ukraine (75%), but also Brazil (64%), Indonesia (65%), and France (57%). Continue reading “BBC Global Poll: Wide Dissatisfaction with Capitalism — Twenty Years after Fall of Berlin Wall”