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Sunday, March 8, 2009

Economic crisis to topple capitalism: Poll

Sun, 08 Mar 2009 19:09:53 GMT  |   PressTV

Respondents to a Press TV poll say 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 percent believed that the capitalistic system will modify itself and survive the crisis.

Some 12 percent of the respondents said that US President Barack Obama would defuse the crisis without any major modifications in the capitalistic system.

In mid-February, US President Barack Obama signed a record 787-billion-dollar bill to bail out the beleaguered economy and keep burgeoning financial woes at bay.

Meanwhile, US home prices plunged to a record 18.5 percent in December from a year earlier, with the pace of decline accelerating, according to the S&P/Case Shiller home price index. 

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