January 31, 2006

Poll: Chinese Believe in Capitalism a Bit More Than We Do

Filed under: Economy,Taxes & Government — Tom @ 2:35 pm

Polls are always difficult things to place too much trust in, but……

It’s interesting, as this Wall Street Journal editorial notes (requires subscription), that the Chinese people are big believers in capitalism:

Comrade Capitalists
January 31, 2006; Page A14

Though Mao Tse-tung’s portrait still hangs in Tiananmen Square, a recent poll shows that the Chinese are crazier about capitalism than are Americans. In fact, they top the world-wide rankings in their zeal for free markets. No wonder Mao isn’t smiling.

In a poll conducted for the University of Maryland’s Program on International Policy Attitudes between June and August last year, fully 74% of Chinese citizens said they agreed with the statement “the free enterprise system and free market economy is the best system on which to base the future of the world.” The Philippines, at 73%, and the U.S., at 71%, were second and third. The poll, which surveyed 20,791 people in 20 countries, seems like a pretty good snapshot of current sentiment, as such things go.

Remarkable, isn’t it, that residents of the Middle Kingdom have maintained their appreciation of the benefits of free enterprise through six decades of oppression and economic backwardness imposed by their Communist cadres? Then again, for a culture in which common New Year’s greetings include “I wish you happiness and many riches” and “may you make great profits,” should we be surprised? Most Hong Kong residents are spending the current Chinese New Year holiday politely distributing packets of crisp new cash to friends and family. They have to earn this gift cash somehow.

I’d be interested in knowing if this was a poll of the Mainland or if Hong Kong, with its aggressive capitalist tradition, was included as part of the sample.

Regardless, this is, with all the qualifications associated with polls, good news. Now if only the Chinese people ran their own country.

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1 Comment

  1. [...] y Libby at: 2:35 am

    You know America is in deep doo-doo when it finishes third in an international survey that asks each country’s citizens if they agree with the following statement, “T [...]

    Pingback by Impleader » Capitalist China, Socialist U.S. — April 1, 2006 @ 5:35 am

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