Actually, Free-Markets DON'T WORK, Survey says

I wasnt surprised by the results from Europe however I was a bit intrigued by the USA and other nations. I thought more would approve of less regulated capitalism. i was a little worried about Egypt, and a couple other nations that said the end of the Soviet Union was a bad thing.

Here is the issue: the degree success of capitalism lies in the amount of socialism that supports it.

You aren't going to clear markets if there are no roads to get from place to place.

You aren't going to have mutual trust in business deals if there is no third party agency to enforce them.

You won't be able to have good treatment of employees without enforceable laws to protect them.

You aren't going to have prosperity of the many if there aren't enough taxes on the extraordinarily wealthy.

At the same time:

Unilateral economic management in a top down communist system as was the practical incarnation of communism during the 20th century, you aren't going to have incentive to work (USSR) OR you aren't going to have citizens being treated equitably (China).

Capitalism is an excellent way to go for many kinds of goods and services. However, just like technology, the understanding of economics, by the experts and the masses, is becoming more and more sophisticated, over time.

There needs to be a word for: "an economic system where social services are socialized and the method for production and distribution of consumer goods and services are privatized."

The truth is, the government is better at some stuff, and private industry is better at other stuff. Figuring out which is which is the challenge.

Saying the free-markets dont work is like saying freedom doesnt work...

Very interesting findings.

Free market reaches a point of maturity when competition plays out. It really worked great when America was an agrarian country and people needed to get up, chop wood for energy and work the fields for food. They could use the rest of the day to market goods and trade surplus. Most of the natural resources have been claimed by now with privatization. Corporations have people in a pathological grip. The market needs a reset button.

This is a misleading title. Your average global citizen probably doesn't know what way a demand curve slopes, let alone have the credibility to comment on the viability of capitalism as an economic system.

This day in age, there is no free market.

Yes actually they do. Most of Europe is socialist now with the EU , so they wouldn't know.

The American dream is dead for the average American citizen thanks too a very laze regulation in the last thirty years. It's time too embrace the European dream and tax the crap out of the Rich who have used you the worker for years. Time to get back to taking care of America. None of these capitalist made their money without the huge sacrifices we all made for them. Standing on the shoulders of the workers and buying the government is how we got screwed now it's their time to get screwed.

Why dont we just have a Flat tax on everyone. It would stop all this stupid fussing about the uber-rich not paying their share... or the poor man getting robbed blind by the government.

Oh, and why should a trust a poll, when most the fact are taken from socialist countries, that dont even use a free market system.....

The problem with a flat tax is that it undertaxes the rich and overtaxes the poor. You need moderation in order to effectively fuel the government economy.

The trouble is that there hasn't BEEN a free market in the US for a long time. If there had then the corporations that had made such poor business decisions that made them fail would've been replaced by other stronger compaines that avoided such bad planning instead of needing to be bailed out.

but they do know that if there are not enough fish in the sea, they dont eat. or if there is not a surplus, they make no extra money. if there is no rain, the harvest is weak. etc. give the people of the world a bit more credit. ever hear of street smarts vs. book smarts?