Support for capitalism at new low: Gallup poll
Share and Follow


(The Hill) Just over half of U.S. adults in a new survey say they support capitalism, a record low since Gallup began asking the question 15 years ago.

In the latest Gallup poll released Monday, 54 percent of Americans say they have a positive image of capitalism, when asked to give a response “just off the top of your head.”

That marks a 6-point decline from 2021, the last time the question was asked.

Support for capitalism remained largely stable from the first time the question was asked in 2010 when 61 percent of Americans had a positive view of capitalism to when it was last asked in 2021 when 60 percent had a positive view.

In 2018, support dipped to 56 percent but bounced back to 60 percent the following year.

But in the past four years, Democrats and independents have driven a decline in the public perception of capitalism.

In the latest survey, fewer than half of Democrats for the first time see capitalism positively, at just 42 percent down from 50 percent in 2021. The first survey, taken just after the Great Recession, showed 51 percent of Democrats had a positive view of capitalism.

A similar decrease in the perception of capitalism was also recorded among independents, dropping from 59 percent in 2021 to 51 percent today. In 2010, 61 percent had a positive image of capitalism.

Support among Republicans, meanwhile, has been relatively stable since 2010, when 71 percent supported capitalism. Today, support stands at 74 percent, up from 72 percent in 2021.

The latest survey also asked about public perception of socialism, which saw 39 percent support overall, including from 66 percent of Democrats, 38 percent of independents, and 14 percent of Republicans.  

In 2021, socialism was perceived positively by 65 percent of Democrats, 40 percent of independents, and 10 percent of Republicans.  

The new survey was conducted Aug. 1-20, using telephone interviews with 1,094 adults. The margin of error is 4 percentage points.

Share and Follow
You May Also Like
Walmart plans to remove artificial colors and other food additives from store brands by 2027

Walmart Commits to Eliminating Artificial Colors and Additives from Store Brands by 2027

NEW YORK — Walmart said Wednesday that it plans to remove synthetic…
Trump uses government shutdown to dole out firings and political punishment

Trump Leverages Government Shutdown for Firings and Political Moves

President Donald Trump has seized on the government shutdown as an opportunity…
Padres beside themselves after controversial strikeout call

Padres Frustrated by Disputed Strikeout Decision

The Padres might be stewing about this one all offseason. With their…
Controversial Nicolas Cage Jesus movie blasted by outraged Christians

Christians Outraged Over Nicolas Cage’s Divisive Jesus Film

Nicolas Cage’s upcoming controversial biblical horror film about Jesus’ childhood has been…
Mormons raise $300K for family of man accused of attacking Michigan church

Mormons Collect $300K to Support Family of Man Charged in Michigan Church Incident

Mormons raised nearly $300,000 for the family of the suspect in the…
ICE in Chicago: Veterans speak out against ICE after Air Force veteran Dana Briggs arrested at protest in Broadview

Chicago Veterans Condemn ICE Following Arrest of Air Force Veteran Dana Briggs at Broadview Protest

BROADVIEW, Ill. (WLS) — Protesters rallied outside the Broadview U.S. Immigration and…
Denise Richards' ex Aaron Phypers fears he'll be 'evicted and homeless' if he's not paid $150K

Denise Richards’ Former Spouse Aaron Phypers Worried About Homelessness Without $150K Payment

Denise Richards’ estranged husband revealed in new court docs that he is…
Mexican police seeing progress fighting cartels with drones

Mexican Law Enforcement Advances in Battle Against Cartels Using Drones

SAN DIEGO () Police in Tijuana, Mexico, have deployed a specialized drone…