US support for free-market collapses, page 1

Poll Results - Link

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The question was simple, “a free market economy is the best system on which to base the future of the world,” the answer is either ‘agree’ or ‘disagree’ with that statement.

American support for the free-market fell from 15 points from 74% in last year to 59% this year. What is even more worrying is that those who make under $20,000 a year showed that only 44% supported the free-market.

However significant growth in support of the free-market is occurring in China and Brazil, now at 67% and 68% respectively, with India following just below the United States at 58%.

9 years ago the United States of America, according to the poll by GlobalScan, 80% of Americans supported that statement about the free-market. The chairman of GlobalScan wrote,

"America is the last place we would have expected to see such a sharp drop in trust in the free enterprise system," GlobeScan Chairman Doug Miller said in a press release. "This is not good news for business."

I personally think it is disgusting to see the Chinese more supportive of the free-market than the United States seeing as how they are an officially single-party communist state, Brazil also supports it more than us and they elected a former Marxist guerilla for President.

Just 44% of the American poor still support the free-market which is amazing to me. They no longer believe that hard work and entrepreneurship will lift them out of poverty, they would rather argue that the ones at the top are oppressing them and they need government to step up and support them, to alleviate their pain with the loving arms of the welfare state, and that lifting themselves up is impossible because that would require hard work.

You get back what you put into your work, if your work is mediocre and you do not have any serious skills then you just simply will not make any considerable amount of money, nothing separates you from the rest of the crowd. But if you demonstrate your special abilities, your uniqueness and what you can bring to the table, then you will earn more and generally these skills require hard work, self-discipline, and education. Basically you earn more by doing more and working hard, lying around or not trying to better your skills will get you nowhere and people must realize this, not demand big brother step in and help you.

Well there we go America, you see this? Our future, where hard work accounts for nothing and demanding pity and help while bankrupting the producers of society is good morals.

Try reading about Producerism and Free-market capitalism

its pretty hard to support something such as the free market when the moronic masses think that all they have to do it sit on their collective butts and have someone else pay for everything...

the this the kind of people who they were polling

reply to post by js331975

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you dont need regulations for protect the consumer what has all the regulations done so far done except to run business off in this country and inflate consumer prices.

regulations haven't stopped the maddoffs of this country they only thing they do is clean up after the fact

thats what the department of justice is for

reply to post by Misoir

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The reason for the drop is simple: We (the US people) finally realized that the "free market" is really free. It's rigged and manipulated by those who have the money.

Other countries that coming into their "free market" phase will discover this fact soon enough, and hopefully they will have learned from our mistakes so they do not repeat them.

reply to post by Jean Paul Zodeaux

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I understand that the market is not "free" and that all markets are based around competition. I guess I was looking at it from the perception of the people who dont really understand economics, who only see the effects of the system based on their own living standards. As in the Chinese have seen an increase to their living standards and perceive it has been because of free market economics, yet there is no free market in China. Some Americans blame the free market for a reduction in their living standards and again there is no free market in the US. So peoples reaction to the perceived free market is one based on how their own living standards are effected by it.

So when those who dont understand economics to your level JPZ, and are asked if they support a free market, they can only give an answer based on their personal experience of what they perceive a free market to be.

reply to post by woodwardjnr

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Yep, brother. You are correct. This is why I feel so compelled to preach the way I do. Sometimes I feel like I am banging my head against a wall, but then I remember there are members such as you, who do not even agree with my ideas, but certainly understand them, and are more than willing to not just discuss them, but actually engage in them and even consider there might be some validity to them.

Also, things like economics are treated as such things of complexity, when in truth they are really pretty simple, and I can't help but believe that if I keep banging my head against the wall, even more people will come to understand the simplicity of it, and in doing so, begin to perceive economics in a way that allows them to think more critically.

reply to post by neo96

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Without regulations, corporations will go back to child labor, etc.

You bet your ass they will.

I'm more disgusted by people who think we should roll back every single form of progress because they don't like it when workers have power, etc.

reply to post by Misoir

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The idea of a free market is purely perception. A free market can mean literally that, a market with no laws or regulations, then we can have a market or economy that has minimal regulations and so forth. Everybody wants to set their own lines as to where a free market begins and nothing more, one mans free market can be totally different to somebody else's. When people talk about "hard work" and "climbing the ladder" and "innovation", I don't see any evidence of these elements being surpressed in the current economy, I don't see them being surpressed in more socialist leaning countries as Britain, France and Australia.

As for the fall in support for the free market, considering that this entire mess started with lose lending in the private sector and million dollar bonuses to CEO's, I can understand why the idea of a free market could be off putting. Although i do believe people are more concerned with social benefits such as medicare, social security and so forth. People see a threat to these programmes if regulations are completed removed and the government is eventually pressured to privatize public programmes.

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