RIP capitalism, you had a good run. That seems to be the verdict of a new report by the centre-right Legatum Institute, chock-full of interesting polling from Populus.
When people were asked what they thought about a range of economic issues, 83 per cent favoured public ownership of water companies, 77 per cent wanted to re-nationalise electricity and gas companies and 76 per cent wanted the railways back under state control. More voters expressed favourable statements about socialism than capitalism, and the reputation of capitalism is scarcely better than communism. Support for increased taxes and higher public spending has overtaken support for spending restraint and lower taxes for the first time since the mid-Noughties.
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