Friday, April 18, 2008

Bring back communism?...

... the trend, according to WorldPublicOpinion.org, is that more and more people are becoming disenchanted with the free market system. I can understand why your average Brazilian would feel that way, as the income disparity in that country is highly visible and amongst the worst in the world. Only 70% of Americans believe that a free market economy is the most efficient. I'd argue in the next few years that that number will decrease as we head into a recession and the inequality of income distribution continues to rise in favor of the wealthy (See: Gini coefficient).

Here is a snippet from the survey:

"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."

Here is a link to the full article.

No comments: