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Most people think capitalism does more harm than good, survey shows

Summary:
A majority of people think that the rich are getting richer while the rest of society struggles, according to a new report. Fifty-six percent of general population respondents to a study by consultancy Edelman agreed with the statement: "Capitalism as it exists today does more harm than good in the world," while 78% agreed that "elites are getting richer while regular people struggle to pay their bills." CNBC Most people think capitalism does more harm than good, survey shows

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A majority of people think that the rich are getting richer while the rest of society struggles, according to a new report.

Fifty-six percent of general population respondents to a study by consultancy Edelman agreed with the statement: "Capitalism as it exists today does more harm than good in the world," while 78% agreed that "elites are getting richer while regular people struggle to pay their bills."

CNBC

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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