Economics

65 Percent of Americans Suck

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A tiny snippet of despair from Yahoo! News:

Fully 65% of Americans agree with the idea that, in general, corporations make too much profit; this view is now more widely shared—and more strongly expressed—than a few years ago. While 65% agree that corporations make too much profit, 30% completely agree with this statement, about the same number as in 2003 and the highest percentage expressing complete agreement with this statement in 20 years.

Yet by a wide margin, the public continues to link the strength of the country with the success of business. More than seven-in-ten (72%) agree that "the strength of this country today is mostly based on the success of American business"—an opinion that has changed very little over the past 20 years.

In related news, Bryan Caplan's new book on the irrationality of the American public is well-reviewed.