Wednesday, November 4, 2015

2 charts that show what the world really thinks about capitalism


A major new report into the state of capitalism is due to be launched by George Osborne on Wednesday. Ahead of its release, a YouGov survey finds there is deep concern about the state of the economic system around the globe
Anti-capitalist demonstrators display a banner outside Downing Street in March, 2015





Jeremy Corbyn’s shadow Chancellor and right-hand-man, John McDonnell, famously listed “generally fomenting the overthrow of capitalism” as among his interests – and if a new poll is to be believed, the British public might just be with him.

According to a YouGov survey commissioned by the Legatum Institute think-tank, almost two thirds of Britons believe capitalism makes inequality worse, while three quarters think big business is corrupt and bad for the environment.
Such views are not limited to the UK, either. Across all seven nations included in the survey, substantial majorities agreed that the poor get poorer in capitalist economies.
Even in the US, the historic champion of capitalism over communism, 55 per cent of those asked agreed that the system was bad for equality.

People think capitalism is bad for equality...

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