Only 47% of Democrats view capitalism positively
A new poll released by Gallup shows that for the first time in over a decade, Democrats are more passionate about socialism, viewing it more positively than capitalism.
Republicans are still heavily enamored with capitalism, with no noticeable change since polling conducted in 2010.
Notably, only 47% of Democrats view capitalism positively, a drop of 9 points (from 56%) in only two years.
For the first time in Gallup’s measurement over the past decade, Democrats have a more positive image of socialism than they do of capitalism. Attitudes toward socialism among Democrats have not changed materially since 2010, with 57% today having a positive view. The major change among Democrats has been a less upbeat attitude toward capitalism, dropping to 47% positive this year — lower than in any of the three previous measures. Republicans remain much more positive about capitalism than about socialism, with little sustained change in their views of either since 2010.
These results are from Gallup interviewing conducted July 30-Aug. 5. Views of socialism among Democrats and Democratic-leaning independents are particularly important in the current political environment because many observers have claimed the Democratic Party is turning in more of a socialist direction.
Most concerning though is the attitude of younger Americans, whose view of capitalism has diminished quite rapidly these last eight years.
Americans aged 18 to 29 are as positive about socialism (51%) as they are about capitalism (45%). This represents a 12-point decline in young adults’ positive views of capitalism in just the past two years and a marked shift since 2010, when 68% viewed it positively. Meanwhile, young people’s views of socialism have fluctuated somewhat from year to year, but the 51% with a positive view today is the same as in 2010.
Older Americans have been consistently more positive about capitalism than socialism. For those 50 and older, twice as many currently have a positive view of capitalism as of socialism.
And in chart form:
Which would certainly explain the rise in popularity of Democrat Socialist candidates these last few election cycles.DONATE
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