...the movement is echoing a trend that has been noted by pollsters in the last few years: a marked fall in the number of people who view ‘free market capitalism’ positively. A Pew poll from 2010 showed that a narrow plurality of Americans viewed capitalism favorably (53%), a number that was smaller than in Brazil or China. Equally important, about 43% of millennials (those between 18 and 30 years of age) saw ‘socialism’ and ‘capitalism’ as positive. Fewer than half of women, low-income groups and less-educated groups describe capitalism as positive.
There is clarity among protestors and the larger public perhaps that there has been a serious betrayal of a cherished American narrative in the last three decades of neoliberal capitalism. The imagined narrative that leading an exemplary life in the face of adversity can help anyone climb from rags to riches seems cynical and bare in the face of the events of the last three years....Read the whole post at Triple Crisis
Capitalism in the Spotlight in the Occupy Movement
by Arjun Jayadev
Are the 1% tarnishing the brand?