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From: [email protected]
[mailto:[email protected]] On Behalf Of Steven Brant
Sent: Friday, November 13, 2009 11:10 PM
To: Steven Brant
Subject: [TriumphOfContent] Free market capitalism flawed, says survey (BBC
World News)


  

(Valuable graphic data at online version of this article - Steve )

http://news. <http://news.bbc.co.uk/2/hi/8347409.stm>
bbc.co.uk/2/hi/8347409.stm

Free market flawed, says survey

By James Robbins

Diplomatic correspondent, BBC News

Twenty years after the fall of the Berlin Wall, a new BBC poll has 
found widespread dissatisfaction with free-market capitalism.

In the global poll for the BBC World Service, only 11% of those 
questioned across 27 countries said that it was working well.

Most thought regulation and reform of the capitalist system were 
necessary.

There were also sharp divisions around the world on whether the end 
of the Soviet Union was a good thing.

Economic regulation

In 1989, as the Berlin Wall fell, it was a victory for ordinary 
people across Eastern and Central Europe.

It also looked at the time like a crushing victory for free-market 
capitalism.

Twenty years on, this new global poll suggests confidence in free 
markets has taken heavy blows from the past 12 months of financial 
and economic crisis.
More than 29,000 people in 27 countries were questioned. In only two 
countries, the United States and Pakistan, did more than one in five 
people feel that capitalism works well as it stands.

Almost a quarter - 23% of those who responded - feel it is fatally 
flawed. That is the view of 43% in France, 38% in Mexico and 35% in 
Brazil.

And there is very strong support around the world for governments to 
distribute wealth more evenly. That is backed by majorities in 22 of 
the 27 countries.

If there is one issue where a global consensus seems to emerge from 
the survey it is this: there are majorities almost everywhere wanting 
government to be more active in regulating business.

It is only in Turkey that a majority want less government regulation.

Opinion about the disintegration of the Soviet Union is sharply divided.

Europeans overwhelmingly say it was a good thing: 79% in Germany, 76% 
in Britain and 74% in France feel that way.

But outside the developed West it is a different picture. Almost 
seven in 10 Egyptians say the end of the Soviet Union was a bad thing 
and views are sharply divided in India, Kenya and Indonesia.

Story from BBC NEWS:
http://news. <http://news.bbc.co.uk/go/pr/fr/-/2/hi/in_depth/8347409.stm>
bbc.co.uk/go/pr/fr/-/2/hi/in_depth/8347409.stm

Published: 2009/11/09 00:00:07 GMT

C BBC MMIX



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