[rad-green] Global Poll Finds Majority Believe Capitalism More Harmful Than Good

*https://www.commondreams.org/news/2020/01/20/welp-glad-thats-settled-global-poll-finds-majority-believe-capitalism-more-harmful
<https://www.commondreams.org/news/2020/01/20/welp-glad-thats-settled-global-poll-finds-majority-believe-capitalism-more-harmful>Common
Dreams          January 20, 2020'Welp, Glad That's Settled:' Global Poll
Finds Majority Believe Capitalism More Harmful Than GoodThe majority also
said they believe they won't be better off five years from now.by Andrea
Germanos, staff writer*

[image: Banner reads: Capitalism isn't working.]

*According to a new global survey, 56 percent of respondents agreed with
the statement, "Capitalism as it exists today does more harm than good in
the world." (Photo: Jonny White
<https://www.flickr.com/photos/velsfi/3405182462/in/photolist-6bUs7s-6bP7LM>/cc/flickr)*

A global survey out Monday ahead of the World Economic Forum summit in
Davos shows that over half of respondents believe capitalism in its current
form does "more harm than good."

"Welp, glad that's settled then," mused
<https://twitter.com/xandertheblue/status/1219308606346223616> one Twitter
user.

The findings are from the 2019 Edelman Trust Barometer, which polled over
34,000 respondents in 28 markets to measure trust in government, business,
NGOs, and media.

Fifty-six percent of respondents said they agree with statement,
"Capitalism as it exists today does more harm than good in the world." That
belief was expressed by a majority across age group, gender, and income
level divides. In fact, there were just six markets were the majority of
respondents did not agree—Australia, Canada, the U.S., South Korea, Hong
Kong, and Japan.

Strongest support for the statement was found in Thailand (75 percent) and
the lowest level in Japan (35 percent). In the U.S., just 47 percent agreed
with the statement.

The survey <https://www.edelman.com/trustbarometer> also found that 48
percent of respondents believe the system is failing them, while just 18
percent believe it is working for them.

The executive summary adds:

Seventy-eight percent agree that "elites are getting richer while regular
people struggle to pay their bills." And in 15 of 28 markets, the majority
are pessimistic about their financial future, with most believing they will
not be better off in five years' time than they are today. In the U.S.,
this represents a seven-point drop in optimism since 2019.

None of the four institutions the survey measured were deemed both
competent and ethical.

Business ranks highest in competence, holding a massive 54-point edge over
government as an institution that is good at what it does (64 percent vs.
10 percent). NGOs lead on ethical behavior over government (a 31-point gap)
and business (a 25-point gap). Government is perceived as both incompetent
and unethical but is trusted more than twice as much as business to protect
the environment and close the income inequality gap.

The findings were rolled out the same day as an Oxfam International report
warned
<https://www.commondreams.org/news/2020/01/20/blaming-flawed-and-sexist-capitalist-system-oxfam-report-finds-2153-billionaires>
of
"out of control" economic inequality and said that the world's
billionaires—a group of roughly 2,100 people—possess more wealth than the
planet's 4.6 billion poorest.

They also come as the nation marks Martin Luther King Jr. Day, with
progressives issuing
<https://www.commondreams.org/news/2020/01/20/countering-annual-whitewash-his-legacy-progressives-remember-anti-capitalist-anti>
reminders
of King's 1967 warning that the "evils of capitalism are as real as the
evils of militarism and evils of racism."

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