Americans still favor capitalism but not as much as they did in previous years, based on data in a new Gallup poll .

According to the poll, only 54% of people support capitalism, which is down from 60% in 2021. When asked about their attitudes toward socialism, Americans feel more negative (57%) than positive (39%) about it.

Data for the Gallup poll is based on telephone interviews performed by ReconMR Aug. 1-20 with a sample of 1,094 people 18 years old or older living in the U.S. and Washington, D.C.

Americans' views of big business continue to drop

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Americans were asked their opinions on free enterprise, big business, and small business in addition to capitalism and socialism. And the poll found that Americans are extremely positive toward small business (95%

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