BBC World Service has released the results of a new poll, which casts an interesting light on the comments of the GOP that the U.S. is headed toward socialism. According to the new poll, dissatisfaction with capitalism is widespread around the globe.
The poll was released on the same day that celebrations around the world were conducted for the 20th anniversary of the fall of the Berlin Wall. However, it also was conducted as the world continues to reel from the aftereffects of a global recession.
Only 11 percent of those questioned across 27 countries said that capitalism was working well. Most thought regulation and reform of the capitalist system were necessary. Worse, nearly a quarter, 23 percent, said capitalism is "fatally flawed."
The survey was conducted among 29,033 adults. In only two nations did more than 20 percent of respondents feel that capitalism ain its current form is working well. Those we the United States and Pakistan (21 percent). In an amazingly small number, in the U.S., the number who agreed capitalism was working well was only 25%.
Among those who feel the system has fatal flaws, 43% in France, 38% in Mexico and 35% in Brazil felt so. Meanwhile, majorities in 22 of the 27 countries surveyed strongly support governments distributing wealth more evenly.
The poll was conducted for BBC World Service by polling firm GlobeScan. Doug Miller, chairman of Globescan, said: "It appears that the fall of the Berlin Wall in 1989 may not have been the crushing victory for free-market capitalism that it seemed at the time -- particularly after the events of the last 12 months."
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