People across the globe are not happy with capitalism these days, favoring more government regulation and ownership of industries, according to a survey conducted by the BBC. Even in the United States, a majority of respondents (53%) expressed support for more reforms and government involvement—as long as it doesn’t extend into Washington taking over the means of production. Almost the same number (52%) said the government should be less involved in the ownership and control of major industries.
After compiling the 29,000 responses received from 27 countries, the BBC poll found only 11% believed capitalism is doing fine and should be left alone. Fifty-one percent favor regulation and reform.
In 15 of the nations surveyed, a majority of people favor government ownership of industries. Strong majorities were recorded in
Russia (77%),
Ukraine (75%),
Brazil (64%),
Indonesia (65%), and
France (57%).
-Noel Brinkerhoff