Capitalism's Appeal Fades As Socialism Holds Steady, Gallup Poll Reveals

Americans’ positive views of capitalism hit a new low, while Democrats’ support for socialism grows

A new Gallup poll indicates a shifting landscape in Americans’ perceptions of economic systems, with favorable views of capitalism reaching a new low of 54%. This marks a significant six-point drop from 60% in 2021 and a departure from the generally stable positive ratings seen in previous years.

Meanwhile, positive perceptions of socialism have remained steady at 39%. The survey, conducted from August 1-20, highlights a growing partisan divide and a general skepticism toward large corporations.

The decline in pro-capitalist sentiment is driven largely by Democrats and independents. For the first time, less than half of Democrats (42%) hold a positive view of capitalism, an eight-percen