Survey finds rising inequality eroding trust in capitalism


January 20, 2020 - 9:35 AM

DAVOS, Switzerland (AP) — Rising income inequality is undermining confidence in capitalism around the world, according to a survey conducted by public relations firm Edelman ahead of the gathering of the elites in the Swiss ski resort of Davos.

Among those surveyed in the report published Monday, 56% thought that capitalism was doing more harm than good despite another year of solid economic growth and near-full employment in many developed countries.

The stark finding could cause a stir among the business executives and political leaders as they make their way to the annual meeting of the World Economic Forum.

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