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Recession reports - Poll indicates collapse of capitalism
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Sunday, 15 Mar 2009
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Respondents to a Press TV poll said that collapse of capitalism will be the most likely scenario for the aftermath of the US economic crisis. Almost half of some 8,001 respondents to the recent Press TV survey are of the opinion that the biggest US economic crisis since World War II will lead to the collapse of capitalism.

Meanwhile, 43% believed that the capitalistic system will modify itself and survive the crisis. Some 12% of the respondents said that US President Mr Barack Obama would defuse the crisis without any major modifications in the capitalistic system.

It may be noted that in mid February 2009, US President Mr Barack Obama signed a record USD 787 billion bill to bail out the beleaguered economy and keep burgeoning financial woes at bay.

According to the S&P/Case Shiller home price index, US home prices plunged to a record 18.5% YoY in December 2008, with the pace of decline accelerating.

(Sourced from www.presstv.ir)

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