Sell capitalism

Someone alert the Economist. Support for the free market is dropping.

And these numbers were taken before last year’s credit crunch and associated misery. Imagine what next year’s readings by GlobeScan might look like.

Overall support for the free market fell in 10 of the 18 countries regularly polled, including sharp falls in Turkey, South Korea, and Chile. More moderate declines were recorded in China, Britain, Brazil, Mexico and Kenya.

Contrary as ever, France (excluded, for some reason, from the GlobeScan graph) was the only country to exhibit increased affection for the free market and all that it stands for.

But before we get over-excited about M and Mme Sarkozy’s transformational effect on the French psyche and old Europe meeting new Europe in a free-market nirvana, our near neighbours were starting from a very low base.

Two years ago France was the only country to have more respondents disagreeing than agreeing with the statement: “The free enterprise system and free market economy is the best system on which to base the future of the world.”

With 45 per cent outvoting 41 per cent of participants, France remains in the ‘No’ camp. But it now has been joined (and overtaken in the free market negativity stakes) by Turkey.

HT: Crossing Wall Street

Copyright The Financial Times Limited 2019. All rights reserved. You may share using our article tools. Please don't cut articles from FT.com and redistribute by email or post to the web.

Read next:

Read next:

FT Alpha Tweets