| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

We provide access to live business television and business related videos from: Bloomberg TV; The Wall Street Journal; CNBC and the Financial Times. Click image:

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax 2008

Climate Change Reports

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : International Last Updated: Nov 23, 2009 - 4:30:51 AM


Wide dissatisfaction with capitalism - - Twenty Years after fall of Berlin Wall
By Finfacts Team
Nov 23, 2009 - 4:26:38 AM

Email this article
 Printer friendly page

Berlin, 9 November 2009: A Festival of Freedom! Chancellor Angela Merkel crosses the Böse Bridge in Berlin, marking the 20th anniversary of the fall of the Berlin Wall. She was accompanied by the former Soviet leader, Mikhail Gorbachev, on her right, the former president of Poland and leader of the Solidarity trade union movement, Lech Walesa, and civil rights leaders who bravely stood up to the Communist tyranny in East Germany.

Twenty years after the fall of the Berlin Wall, a new BBC World Service global poll finds that dissatisfaction with free market capitalism is widespread, with an average of only 11% across 27 countries saying that it works well and that greater regulation is not a good idea.

In only two countries do more than one in five feel that capitalism works well as it stands - - the US (25%) and Pakistan (21%).

The most common view is that free market capitalism has problems that can be addressed through regulation and reform - - a view held by an average of 51% of more than 29,000 people polled by GlobeScan/PIPA.

An average of 23% feel that capitalism is fatally flawed, and a new economic system is needed - - including 43% in France, 38% in Mexico, 35% in Brazil and 31% in Ukraine.

Furthermore, majorities would like their government to be more active in owning or directly controlling their country’s major industries in 15 of the 27 countries. This view is particularly widely held in countries of the former Soviet states of Russia (77%), and Ukraine (75%), but also Brazil (64%), Indonesia (65%), and France (57%).

Majorities support governments distributing wealth more evenly in 22 of the 27 countries  - - on average two out of three (67%) across all countries. In 17 of the 27 countries most want to see government doing more to regulate business - - on average 56%.

The poll also asked about whether the breakup of the Soviet Union was a good thing or not. While an average of 54% say it was a good thing, this is the majority view in only 15 of the countries polled. An average of 22% say it was mainly a bad thing, while 24% do not know.

Among former Warsaw Pact countries, most Russians (61%) and Ukrainians (54%) believe the breakup of the Soviet Union was a bad thing. In contrast, four in five Poles (80%) and nearly two-thirds of Czechs feel the disintegration of the USSR was a good thing (63%).

The results are drawn from a survey of 29,033 adult citizens across 27 countries, conducted for BBC World Service by the international polling firm GlobeScan, together with the Program on International Policy Attitudes (PIPA) at the University of Maryland. GlobeScan coordinated fieldwork between 19 June and 13 October 2009

GlobeScan Chairman Doug Miller says:“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.” 

Related Articles


© Copyright 2009 by Finfacts.com

Top of Page

International
Latest Headlines
Markets: Greece back at the brink; Barclays reports dip in 2011 profits - - cuts cash bonuses
Friday Newspaper Review - - Irish Business News - - February 10, 2012
Markets: Credit Suisse reports Q4 2011 loss; UK-listed Greencore has strong start to its financial year; ECB expected to keep rates on hold
Thursday Newspaper Review - Irish Business News and International Stories - - February 09, 2012
Markets: Smurfit Kappa reports pre-tax profits trebled in 2011; Nokia to cut 4,000 jobs and move production to Asia
Wednesday Newspaper Review - Irish Business News and International Stories - - February 08, 2012
Markets: UBS reports plunge in 2011 profit: BP reports profit surge; Santander adds €2.3bn to provisions; Toyota's 9-month profit dips; Glencore to buy Xstrata
Tuesday Newspaper Review - Irish Business News and International Stories - - February 07, 2012
Markets News: Aer Lingus reports rise in January traffic
Monday Newspaper Review - Irish Business News and International Stories - - February 06, 2012
Markets: Ryanair warns Aer Lingus on covering €400m deficit in staff pension fund
Friday Newspaper Review - - Irish Business News - - February 03, 2012
Markets: Deutsche Bank plunges to loss in Q4 2011; Baltic Dry Index sinks to 25-year low on shipping glut
Thursday Newspaper Review - Irish Business News and International Stories - - February 02, 2012
Markets News: Amazon.com's fourth-quarter earnings fell 57%
Wednesday Newspaper Review - Irish Business News and International Stories - - February 01, 2012
Markets News: EU25 leaders agree to sign fiscal compact agreement in March
Tuesday Newspaper Review - Irish Business News and International Stories - - January 31, 2012
Markets News: EU leaders expected to approve text of new intergovernmental treaty today
Monday Newspaper Review - Irish Business News and International Stories - - January 30, 2012
Spain's jobless rate at end 2111 was 22.85%; Samsung reports record profits; Baltic Dry Index down 27 days in a row
Friday Newspaper Review - Irish Business News and International Stories - - January 27 , 2012
Markets News: Japan's struggling giants NEC and Nintendo expect big losses; NEC to cut 10,000 jobs
Thursday Newspaper Review - Irish Business News and International Stories - - January 26, 2012
Markets News: Japan reports first annual trade deficit since 1980; World Economic Forum opens in Davos
Wednesday Newspaper Review - Irish Business News and International Stories - - January 25, 2012
Markets News: Irish retail sales continued to fall in Q4 2011; India's Reserve Bank switches stance to economic growth
Tuesday Newspaper Review - Irish Business News and International Stories - - January 24, 2012
Markets News: EU finance ministers to discuss new bailout fund and Greece restructuring talks
Monday Newspaper Review - Irish Business News and International Stories - - January 23, 2012
Markets: Year of Dragon set to commence as China's manufacturing weakness persists; Greencore decamps to London
Friday Newspaper Review - Irish Business News and International Stories - - January 22, 2012
Markets News: 1880 vintage Eastman Kodak has little left but a patents' trove; Readymix in takeover talks
Thursday Newspaper Review - Irish Business News and International Stories - - January 19, 2012
Markets News: Tullow Oil says revenues doubled to $2.3bn in 2011
Wednesday Newspaper Review - Irish Business News and International Stories - - January 18, 2012
Markets News: RBS sells Dublin-based aviation leasing unit for $7.3bn; C&C reports strong Christmas drinks performance
Tuesday Newspaper Review - Irish Business News and International Stories - - January 17, 2012
Markets News: Sarkozy to continue to implement reforms despite ratings downgrade; DCC says good weather is bad news
Monday Newspaper Review - Irish Business News and International Stories - - January 16, 2012