Simply over half of U.S. adults in a brand new survey say they help capitalism, a file low since Gallup started asking the query 15 years in the past.
Within the newest Gallup ballot launched Monday, 54 % of Individuals say they’ve a constructive picture of capitalism, when requested to offer a response “just off the top of your head.”
That marks a 6-point decline from 2021, the final time the query was requested.
Assist for capitalism remained largely secure from the primary time the query was requested in 2010 — when 61 % of Individuals had a constructive view of capitalism — to when it was final requested in 2021 — when 60 % had a constructive view.
In 2018, help dipped to 56 % however bounced again to 60 % the next yr.
However previously 4 years, Democrats and independents have pushed a decline within the public notion of capitalism.
Within the newest survey, fewer than half of Democrats for the primary time see capitalism positively, at simply 42 % — down from 50 % in 2021. The primary survey, taken simply after the Nice Recession, confirmed 51 % of Democrats had a constructive view of capitalism.
The same lower within the notion of capitalism was additionally recorded amongst independents, dropping from 59 % in 2021 to 51 % at this time. In 2010, 61 % had a constructive picture of capitalism.
Assist amongst Republicans, in the meantime, has been comparatively secure since 2010, when 71 % supported capitalism. Right this moment, help stands at 74 %, up from 72 % in 2021.
The most recent survey additionally requested about public notion of socialism, which noticed 39 % help total, together with from 66 % of Democrats, 38 % of independents, and 14 % of Republicans.
In 2021, socialism was perceived positively by 65 % of Democrats, 40 % of independents, and 10 % of Republicans.
The brand new survey was performed Aug. 1-20, utilizing phone interviews with 1,094 adults. The margin of error is 4 proportion factors.
