Support for the free market as the best available economic system has slipped markedly in the UK over the past two years. This mirrors the sharp decline in support for free market economics recorded in the US last year—although it has since recovered a little there—and comes at a time when Occupy protestors have been camped in the City challenging the practices of the financial sector.
Nonetheless, it is still striking that this fall in support is happening when the UK has its first right-of-center government since 1997, which has vigorously defended the role of the City in British economic life and is pressing ahead with an ambitious programme of free-market reforms and cuts to public services.
In contrast, support for the free market economic system has strengthened over the past two years in India, where the economy has rebounded robustly following the global financial crisis.
Finding from the GlobeScan Radar, Wave 2, 2011
This post was written by former GlobeScan Research Director, Sam Mountford.
