Americans’ approval of capitalism has plunged to a record low, while their support for socialism has ticked up slightly in recent years, a new Gallup poll shows.

Only 54% of US adults surveyed said they have a positive image of capitalism, the lowest level Gallup has recorded since it began asking the question 15 years ago.

That’s down sharply from 60% support in 2021.

Their support of socialism has meanwhile grown slightly recently, from 38% in 2021 to 39% in 2025. Despite the small uptick, a majority of Americans still view socialism negatively, at 57%.

Much of the erosion of Americans’ positive image of capitalism comes from a decline among independent and Democratic voters, with Republican support largely remaining steady.

Democrats’ view of capitalism dropped from 50% posit

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