U.S. Public’s Support for “free market” Capitalism Drops Off a Cliff

The polling firm GlobalSacan has been asking the same question on the economy since 2002. The question asks if the “free market system” was the best economic system. In 2002 when GlobalScan first asked the question “strongly agree” or “agree” received 80% in the U.S. In 2009 the poll number in the U.S. dropped to 74% and in 2010 the number crashed to 59%.

What country had the largest percent for “strongly disagree”? France at 25% You might expect that. But how about the country with the largest that simply “disagree”? The answer is Japan at a whopping 45%

And who supports capitalism the most in this telephone poll of 12,000 people…China at 67%.

“America is the last place we would have expected to see such a sharp drop in trust in the free enterprise system,” GlobeScan Chairman Doug Miller said in a press release. “This is not good news for business.”

GlobeScan is an international opinion research consultancy that does research in 90 countries. It’s findings came out in April.

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