According to a recent Economist article, the United States’ faith in the free market is in decline. The article indicates that only 59% of Americans polled agreed that the free market was the best system for the future. It is no wonder that under the current economic climate, with a passion for government spending and regulatory uncertainty, that the confidence in our economic system would become shaky.
Interestingly, the countries with the greatest support for the free market – Germany and Brazil – have seen strong growth in recent years. The graph below indicates there is a correlation between economic growth and confidence in the free market.