by Mark John
national flags of several countries
a flag with the logo of the World Economic Forum (WEF)
the roof of the congress center during preparations
annual WEF meeting in the Swiss Alps resort
Davos, Switzerland January 19, 2020.
United Nations' propaganda war against Capitalism and
Free Enterprise is paying off as a new global survey
shows 56% agreeing that Capitalism does more harm than
Sustainable Development, aka
Technocracy, is the only
A majority of
people around the world
capitalism in its current form
is doing more
harm than good,
a survey found
of business and
seen doing 'more harm than good' in global survey
This year was the first time the "Edelman
Trust Barometer", which for two decades has polled tens
of thousands of people on their trust in core institutions, sought
how capitalism itself was viewed.
The study's authors said that earlier surveys showing a rising sense
of inequality prompted them to ask whether citizens were now
starting to have more fundamental doubts about the capitalist-based
democracies of the West.
"The answer is yes,"
David Bersoff, lead researcher on the study produced by U.S.
communications company Edelman.
"People are questioning at that level whether what we have
today, and the world we live in today, is optimized for their
having a good future."
The poll contacted over
34,000 people in 28 countries,
from Western liberal
democracies like the United States and France to those based on
a different model such as China and Russia, with 56% agreeing
"capitalism as it
exists today does more harm than good in the world".
The survey was launched
in 2000 to explore the theories of political scientist
Francis Fukuyama, who after the
collapse of communism declared that liberal capitalist democracy had
seen off rival ideologies and so represented "the end of history".
That conclusion has since been challenged by critics who point to
everything from the rising influence of China to the spread of
autocratic leaders, trade protectionism and
worsening inequality in the wake of
2007/08 global financial crisis.
On a national level, lack of trust in capitalism was highest in,
Thailand and India on
75% and 74% respectively, with France close behind on 69%.
in other Asian, European, Gulf, African and Latin American
disagree with the assertion that capitalism currently did
more harm than good.
The survey confirmed a
by-now familiar set of concerns ranging from worries about,
Within the data there
were divergences, with Asians more optimistic about their economic
prospects than others across the world.
There was also a growing
split in attitudes according to status, with the affluent and
college-educated much more likely to have faith in how things were
Of possible interest to corporate leaders
gathering in Davos this week was
the finding that trust in business outweighed that in governments
and that 92% of employees said CEOs should speak out on the social
and ethical issues of the day.
"Business has leapt
into the void left by populist and partisan government," said
Edelman CEO Richard Edelman.
"It can no longer be
business as usual, with an exclusive focus on shareholder