Most people think capitalism ’doing more harm than good’, says global survey

Most people think capitalism ’doing more harm than good’, says global survey

In a poll comprising around 34000 participants from 28 countries, 56% of the people polled said that capitalism is a negative force, and is doing more harm than good. Distrust of capitalism was greatest in Thailand and India, while 69 percent of French surveyed also said capitalism was harmful.The survey was launched in 2000 by Edelman Trust Barometer.

MrVairhein 3 months

didnt read the article but I call bullshit

roy 3 months

it is largely a question of semantics. What some people call capitalism is more like feudalism. what some people mean when they say socialism is more like communism. Both sides err. A free exchange of goods is a good thing but a forced transfer of wealth is not.

ConcealCarryProtect 3 months

Conflating Capitalism with Consumerism yet again. These people are feeling the effects of consumerism. Not Capitalism. And many feel the effects of Socialism, not capitalism. Overwhelming prices and taxes are dictated by consumerism and socialism, not capitalism. The means of production must belong to the people. Just because you are poor does not mean Capitalism has failed you, it means you are worthless to capitalism. Make yourself worth something. Then you will make money. Capitalism is equal oppurtunity. Not equal outcome.

carter 3 months

Yes this is talking about the corrupt capitalism that our current nation faces but not the fundamental ideas of capitalism itself

Michael Hedderson
Michael Hedderson 3 months

Interesting article. Should be noted that it's asking about capitalism in its current form, not capitalism per se.

Otis B Driftwood
Otis B Driftwood 3 months

Capitalism doesn't discriminate, it doesn't pick winners. Everyone can play. The more I invest in myself, the more I stand to earn. I am taxed so that others may share some benefits of my successes, but the lion's share must remain with me, since I am the most responsible for my own rewards. Poverty, hunger, and disease have been going down worldwide for the last 50 years. Where do the 56% think the wealth that is solving those problems was created? Hell, even during Venezuela's boom times, the only thing that got them to those hieghts was the sale of oil in capitalist markets, to capitalist countries with enough economic activity to pay the price.

white cis male monster!
white cis male monster! 3 months

Right, Capitalism has lifted more people out of poverty than any other system ever tried, especially socialism. In 1970 the percentage of people (globally) living in abject poverty (less than a dollar a day) was 35% of the global population. In 2016 it was 9%. Yeah really ruining the world there! A global obesity epidemic is the main concern now but capitalism bad!

Julian Beaupre
Julian Beaupre 3 months

according to who? what metrics are they baseing this on?

Michael Tatom
Michael Tatom 3 months

I call BS.

Soul Shakedown
Soul Shakedown 3 months

“Competition is a sin.” - John D Rockefeller The wealthy elite has always hated Capitalism and laissez-faire markets, they prefer the control managed economies provide them against any possible competition or threat to their business model. They are still feudalistic at heart.

Occam’s lazer
Occam’s lazer 3 months

Yes...because we are all slaves to an economic system designed entirely on consent, discourages stagnation, and rewards innovation...sounds terrible, sign me up for the political system where the dude killed all the sparrows

Fin 3 months

Don't confuse corpertism with capitalism...

Seekster 3 months

Capitalism has spread wealth and prosperity to more people than any other system and it is not even close. Sure it's not perfect but it is better than any other economic system.

Seed 3 months

Multinational corporations will go to great lengths to get regulations that favor them over their competitors. Decentralization of legislative and administrative authority also makes it much more difficult to get rid of said regulations. This, in particular, makes republics and democracies particularly prone to corruption. Did you expect anything else when you allow the financial and material to dominate civilizational consciousness?

Fin 3 months

Could gaf what world economic forum says.. Most attending chose the jobs their citizens are in.. Most detest this republic n capitalism.... Envious.. N most try to become citizens here... That should tell u something

Logan 3 months

More harm than good is incredibly vague. First off, if the question is "Is capitalism flawed?" that I could see people agreeing to, because there is no perfect system. However "more harm than good" asks us to weigh the total benefits of capitalism vs it's total detriments. With the exception of a few relatively brief recessions and even fewer depressions, the global capitalist market has been on a consistent climb in terms of goods produced and starnard of living raised. I find it difficult to think of anything going on in the world that can be said to be such a huge negative as to over shadow that.

FAT WEAZLE 3 months

in other news: socialism seen 'doing only harm and no good'...

Paul N
Paul N 3 months

Bullshit. Did they do the poll in CNN’s and msnbc’s cafeterias?

BumperCar 3 months

Heck, I agree. So far both extreme capitalism and extreme socialism failed us. We need to try something in between.

Max Maidment
Max Maidment 3 months

True capitalism has never been tried, bigot.

Top in World
Get the App