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20 November 2017 05:48 (South Africa)

BBC News poll shows free-market capitalism not so appreciated anymore

Exactly 20 years after the fall of the Berlin Wall and the beginning of the end for communism worldwide, a BBC News survey has found that, well, people don’t like rampaging capitalism, either. The results would make every blue-blood libertarian wince, as only 11% of 29,000 respondents across 27 countries said free-market capitalism was working well, and 23% felt it was badly flawed. In almost every country, except Turkey, they wanted greater government involvement. And they wanted the governments to distribute wealth more fairly than now. The main causes behind the global change in the popularity of the free-market is seen as a bitter combo of globalisation, spreading western values and the economic meltdown of 2008. Read more: BBC News

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