Capitalism: No longer a love story
- Details
- Category: Social Action
- Created: Wednesday, 14 April 2010 16:15
- Published: Wednesday, 14 April 2010 16:10
- Written by nadim, Baha'i Perspectives
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Of Americans under the age of 30:
- 33% prefer socialism over capitalism
- 37% prefer capitalism
- 30% are undecided
These statistics, from a 2009 Rasmussen telephone survey, were cited in Michael Moore’s latest documentary “Capitalism: A Love Story“.
At a glance these figures are surprising, coming as they do from the country that has historically prided itself in being the champion of free market capitalism. They reflect just how badly the financial crises of the last 2 years has shaken young people’s confidence in the once impregnable fortresses symbolised by New York’s Wall Street and the Square Mile in London. With jobs in short supply and a startlingly high ratio of unemployed university graduates, the sense of disillusionment is palpable. And it hasn’t just been the youth. World leaders have been forced to sit up and scrutinise elements of a system that has lead to senseless exploitation of the masses, gross disparities between the rich and poor and blatantly unjust practices by individuals and corporations alike.