Great divisions of global opinion on capitalism, USSR

The British Broadcasting Corporation recently held a poll in various countries of the world in which they asked the respondents’ opinions on capitalism and the fall of the Soviet Union, among other things.(1) Unsurprisingly, the opinions on the current world system were strongly divided in the world, and mostly between the rich and the poor nations. Nevertheless there were some interesting results. Only 11% of all people polled indicated the current capitalist system worked well, with many people desiring reform or regulation, and 23% indicating it was “fatally flawed”. We may take the latter position as an anti-capitalist one, meaning principled opposition to capitalism lives among a quarter of the sample polled, a better result than might be expected. Opposition to capitalism altogether was still intense in France, by far the most anti-capitalist of the Western nations: in this country 43% of the population indicated to oppose capitalism altogether, compared to 35% in Brazil and 38% in Mexico.

Opinions on the collapse and disappearance of the USSR were strongly divided by bloc. Continue reading “Great divisions of global opinion on capitalism, USSR”

Crisis: Liberalism fails where anti-liberalism succeeds

The current economic crisis, despite (or maybe because) of the hullaballoo about its premature ‘end’, gives a good perspective on the failures of liberal economic policy. Precisely those nations that had in the past attempted a get-rich-quick scheme by relying on extreme liberalism to draw in capital in search of unrestricted territory for expansion are now the ones suffering the most from the inevitable cyclical collapse that is attendant on the movement of capital.

Such ‘success stories’ of liberal development as Ireland and Iceland have gone into deep recession. Continue reading “Crisis: Liberalism fails where anti-liberalism succeeds”