soviet-collapse

The Global South, it seems.

According to a BBC poll published on the anniversary of the fall of the Berlin Wall, “opinion about the disintegration of the Soviet Union is sharply divided. Europeans overwhelmingly say it was a good thing: 79% in Germany, 76% in Britain and 74% in France feel that way.

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But outside the developed West it is a different picture. Almost seven in 10 Egyptians say the end of the Soviet Union was a bad thing and views are sharply divided in India, Kenya and Indonesia”.

This despite the fact that India and Indonesia, as well as Russia, have experienced unprecedented levels of economic growth since 1991.

What could explain such nostalgia? One factor might be a general disenchantment with free-market capitalism:

“More than 29,000 people in 27 countries were questioned. In only two countries, the United States and Pakistan, did more than one in five people feel that capitalism works well as it stands. Almost a quarter - 23% of those who responded - feel it is fatally flawed. That is the view of 43% in France, 38% in Mexico and 35% in Brazil”.

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Much of the global dissatisfaction with capitalism, the report suggests, stems from that system’s production and exacerbation of income inequality. While economies based on high growth models may produce more wealth as a whole, its distribution is skewed overwhelmingly in favour of a small minority.

High inequality is much worse for a nation’s wellbeing than low growth. As Richard Wilkinson and Kate Pickett convincingly show in their recently published scholarly work The Spirit Level (except from David Runciman’s excellent article in the London Review of Books):

Among rich countries, the more unequal ones do worse according to almost every quality of life indicator you can imagine. They do worse even if they are richer overall, so that per capita GDP turns out to be much less significant for general wellbeing than the size of the gap between the richest and poorest 20 per cent of the population (the basic measure of inequality the authors use). The evidence that Wilkinson and Pickett supply to make their case is overwhelming. Whether the test is life expectancy, infant mortality, obesity levels, crime rates, literacy scores, even the amount of rubbish that gets recycled, the more equal the society the better the performance invariably is.

No surprise then that, according to the poll, “there is very strong support around the world for governments to distribute wealth more evenly. That is backed by majorities in 22 of the 27 countries”.