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Reason
Reason
J.D. Tuccille

Declining Faith in Both Capitalism and Socialism Leaves … What?

Americans don't much like each-other and many are willing to fight each other over their differences. But what do the opposing factions believe in? When it comes to economic systems and whether production and consumption should be dictated from above or guided by free exchange, a growing number of Americans don't seem to believe in much at all. Both capitalism and socialism are losing support, especially among Democrats.

"Today, 36 percent of U.S. adults say they view socialism somewhat (30 percent) or very (6 percent) positively, down from 42 percent who viewed the term positively in May 2019," Pew reports. "And while a majority of the public (57 percent) continues to view capitalism favorably, that is 8 percentage points lower than in 2019 (65 percent)."

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