The Forbidding Archivist (![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
forbidding_archivist) wrote2011-04-11 01:52 am
forbidding_archivist) wrote2011-04-11 01:52 am
Entry tags:
See, This Is What Happens
The death of capitalism?
From the article: Is the free market the best economic system in the world?
That's the question Toronto-based public opinion firm Globescan began asking people in 2002. The company's annual survey now stretches across 23 countries. Back then, the answer for most Americans was: "Why, of course it is." In fact, a world-leading 80 percent of those Americans polled by Globescan in 2002 said that capitalism and the free market was the best economic system to bring prosperity to the world.
But what happens when ten years passes, income inequality continues to rise, scandals repeatedly sweep through big corporations and across Wall Street, unemployment jumps to above 10 percent, and the U.S. economy stumbles to its darkest period since the Great Depression?
Support for free markets goes down, of course. Way down.
According to Globescan's latest survey released today, only 59 percent of Americans said they they "strongly" or "somewhat" agree that the free market is the best economic system for planet earth's future. That's now below popular opinion in the surging economies of China (67 percent) and Brazil (also 67 percent).
And really, the first comment says it all:
Is this what happens when you repeatedly call things "socialism" that are not? After a while people begin to think that if "capitalism" is the way things are now, that maybe "socialism" might not be so bad?
Well, fucking duh.
From the article: Is the free market the best economic system in the world?
That's the question Toronto-based public opinion firm Globescan began asking people in 2002. The company's annual survey now stretches across 23 countries. Back then, the answer for most Americans was: "Why, of course it is." In fact, a world-leading 80 percent of those Americans polled by Globescan in 2002 said that capitalism and the free market was the best economic system to bring prosperity to the world.
But what happens when ten years passes, income inequality continues to rise, scandals repeatedly sweep through big corporations and across Wall Street, unemployment jumps to above 10 percent, and the U.S. economy stumbles to its darkest period since the Great Depression?
Support for free markets goes down, of course. Way down.
According to Globescan's latest survey released today, only 59 percent of Americans said they they "strongly" or "somewhat" agree that the free market is the best economic system for planet earth's future. That's now below popular opinion in the surging economies of China (67 percent) and Brazil (also 67 percent).
And really, the first comment says it all:
Is this what happens when you repeatedly call things "socialism" that are not? After a while people begin to think that if "capitalism" is the way things are now, that maybe "socialism" might not be so bad?
Well, fucking duh.