Erosion of Support for Free Market System: Global Poll April 15, 2008 Supporters of Free Market Look for Strong Government Regulation Full Report (PDF) Majorities in most countries continue to support the free market system, but over the last two years support has eroded in 10 of 18 countries regularly polled by GlobeScan. In several countries this drop in support has been quite sharp. The latest polling was completed before the current stock market volatility that began earlier this year. Back in 2005 only one country polled--France--had more citizens disagreeing than agreeing with the statement that "the free enterprise system and free market economy is the best system on which to base the future of the world." Displacing France as the least supportive of the free market system today is Turkey where approval of the free market system has plunged from 47 percent in 2005 to 34 percent now, while opposition has risen from 36 to 41 percent. Support for free markets has also dropped 15 points in South Korea since 2005, though a majority (55%) continue to be supportive. Opposition there has jumped 20 points from 19 to 39 percent. Support among Chileans is also down 14 points since 2003 when Chileans were last polled on this question. Support in other countries is down by more modest though significant numbers: China (down 9 points), Britain (7 points), Brazil (7 points), Mexico (6 points), and Kenya (6 points). The one country to show upward movement in agreement with the free market system is France--up five points. However, more continue to disagree (45%) than agree (41%).
April 15, 2008 Supporters of Free Market Look for Strong Government Regulation
Full Report (PDF)
Majorities in most countries continue to support the free market system, but over the last two years support has eroded in 10 of 18 countries regularly polled by GlobeScan. In several countries this drop in support has been quite sharp.
The latest polling was completed before the current stock market volatility that began earlier this year.
Back in 2005 only one country polled--France--had more citizens disagreeing than agreeing with the statement that "the free enterprise system and free market economy is the best system on which to base the future of the world."
Displacing France as the least supportive of the free market system today is Turkey where approval of the free market system has plunged from 47 percent in 2005 to 34 percent now, while opposition has risen from 36 to 41 percent.
Support for free markets has also dropped 15 points in South Korea since 2005, though a majority (55%) continue to be supportive. Opposition there has jumped 20 points from 19 to 39 percent.
Support among Chileans is also down 14 points since 2003 when Chileans were last polled on this question.
Support in other countries is down by more modest though significant numbers: China (down 9 points), Britain (7 points), Brazil (7 points), Mexico (6 points), and Kenya (6 points).
The one country to show upward movement in agreement with the free market system is France--up five points. However, more continue to disagree (45%) than agree (41%).
don't you know anything? ;-) Any idiot can face a crisis - it's day to day living that wears you out.
you are the media you consume.
Presumably a representative sample, but I must admit I have not gone through the full report. In the long run, we're all dead. John Maynard Keynes
Just kinda thinking that when a majority of people also believe in 'strong regulation', then the ideas get a bit blurred. Member of the Anti-Fabulousness League since 1987.
