Introducing ‘Explaining Capitalism’, our new competition
Only 32 per cent of Americans under 30 have a positive view of capitalism, compared to 43 per cent who approve of socialism. Barely 30 per cent of Americans born in the 1980s – and about the same proportion of Britons – think it is “essential” to live in a democracy.
The British public, meanwhile, overwhelmingly support renationalising the railways, jacking up taxes on the rich, and the imposition of rent controls. They largely believe that capitalism creates an unfair society, that managers of big businesses and even entrepreneurs are not to be trusted, and that between half and a third …read more