Americans are starting to sour on capitalism.
That’s according to the latest Gallup survey, which found the number of US adults who say they support capitalism—”an economic system characterized by private or corporate ownership of capital goods,” per Merriam-Webster—is at a record low.
To be clear, “record low” is still more than half—54% of all adults still believe in the promise of the free market to deliver the American dream.
But Republicans are driving that number, with 74% saying billionaires should definitely exist. Just 51% of independent voters, and 42% of Democrats, think that our increasing wealth disparity is fine.
Just where are folks getting this idea that capitalism sucks?
- From the fact that manufacturing and trade employment is shrinking?
- From the fact that nobody is hiring right now?
- From the fact that the rich are pretty much powering our economy because no one else has money?
- From the fact that Gen Z adults graduate into massive debt, have to rent because they can’t afford to buy a house, and can’t even find a job?
Commies, all of ’em.
Do you still support capitalism? Why or why not? Do you like it, but think it could be improved? Email me.
