Globescan Poll Finds Widespread Dissatisfaction with Liberal Market Capitalism

Globespan is a global research body. It recently conducted a survey for BBC World, to mark the fall of the Berlin wall. It covered three themes:

  1. Views on the disintegration of the Soviet Union.
  2. How active a role government should play in managing the economy.
  3. Views on free market capitalism.

In total 29,033 citizens in Australia, Brazil, Canada, Chile, China, Costa Rica, Czech Republic, Egypt, France, Germany, India, Indonesia, Italy, Japan, Kenya, Mexico, Nigeria, Panama, Pakistan, the Philippines, Poland, Russia, Spain, Turkey, Ukraine, the United Kingdom, and the United States of America were interviewed face-to-face or by telephone between 19 June and 13 October, 2009.

On average, 54 per cent felt that the collapse of the Soviet Union was a good thing. This section (1) was not hugely surprising.

But, the next two themes produced interesting results. 67 per cent felt that governments should distribute wealth more evenly. 56 per cent felt that they should be actively regulating businesses. 47 per cent felt that governments should own or control major industries.

51 per cent felt that capitalism has problems that need to be addressed through regulation and reform. 23 per cent felt that it was fatally flawed. Whilst 11 per cent felt it was working efficiently. These results change for individual countries. The USA and Germany felt that more regulation was required, but more felt that it was efficient rather than fatally flawed. It was the total opposite for France.

You can find details of the poll here, and visual graph on the third theme ‘free market capitalism’ here.

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