Tuesday, April 11

More Chinese believe in the free enterprise system than Americans

The article is titled "Companies Seen as Having Too Much Influence on Government", even though it starts out,
A new poll of 20 countries from around the world finds a striking global consensus that the free market economic system is best, but that governments should also do more to regulate large companies.
Most interestingly,
Ironically, the country that showed the highest level of support for the free enterprise system was China, with 74 percent agreeing that it is the best system. Others that were nearly as enthusiastic were the Philippines (73%), the US (71%), and India (70%).

France was the one country where most did not agree with this proposition. Only 36 percent of the French agreed that the free market economy is the best system, while 50 percent disagreed. Others that only showed plurality support for the proposition were Argentina (42% agree), Russia (43%), and Turkey (47%). In all other cases, agreement was 57 percent or higher.
Yeah.
The view that "The free enterprise system and free market economy work best in society's interests when accompanied by strong government regulations." was endorsed by a clear majority in Indonesia (86%), the Philippines (77%), and China (76%).
Again, the Chinese are more confident than others about the market. Or is it they have a low opinion about their government?
While there is consensus in support of the vitality of free markets, there are also somewhat ominous signs of concern that the system may not be working as it should. In nearly every country, large majorities agreed that "Large companies have too much influence over our national government." On average, 73 percent agreed with this statement. In several countries people were especially emphatic, with large percentages saying that they strongly agreed with this statement--Mexico (88% agree, 74% strongly), the United States (85% agree, 59% strongly), and Spain (84% agree, 58% strongly).

Only three countries did not overwhelmingly endorse this statement. Nigeria was the one country where a slight majority (51% to 41%) disagreed. China was divided (47% agreed, 44% disagreed)...
Finally, the Chinese are relatively trusting of global companies:
Global companies operating in their country received the lowest ratings. On average, 41 percent expressed trust, with only 7 percent saying they had a lot of trust and another 34 percent saying they had some trust. Just over half said they had not much trust (33%) or no trust at all (19%). But there was substantial variation between countries. Mid-level countries expressed the highest levels of mistrust--Russia (70%), Argentina (68%), Brazil (64%), Turkey (61%). Developed countries were also quite mistrustful, especially in Europe--Italy (66%), Germany (62%), France (61%), and Spain (60%). People in other developed countries are also mistrustful but in smaller numbers--South Korea (55%), US (52%), Canada (50%). People in many developing countries did express trust, especially Nigeria (67%), Kenya (65%), and China (60%).

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