Corporate Accountability and WorkPlace

Surprising Poll Finds Only Half of Americans Believe Capitalism is Better Than Socialism ... Or?

Do respondents know what these words mean?

The results of a new Rasmussen pollare an eye-opener in some ways...

Only 53% of American adults believe capitalism is better than socialism.

The latest Rasmussen Reports national telephone survey found that 20% disagree and say socialism is better. Twenty-seven percent (27%) are not sure which is better.

Adults under 30 are essentially evenly divided: 37% prefer capitalism, 33% socialism, and 30% are undecided. Thirty-somethings are a bit more supportive of the free-enterprise approach with 49% for capitalism and 26% for socialism. Adults over 40 strongly favor capitalism, and just 13% of those older Americans believe socialism is better.

Investors by a 5-to-1 margin choose capitalism. As for those who do not invest, 40% say capitalism is better while 25% prefer socialism.

It's certainly a fascinating finding, especially when compared with that of an earlier survey in which 70% of Americans prefered a free-market economy. Rasmussen also notes, "the fact that a 'free-market economy' attracts substantially more support than 'capitalism' may suggest some skepticism about whether capitalism in the United States today relies on free markets." Which just means we're not as dumb as we look.

But I take these findings with a significant grain of salt...


Joshua Holland is an editor and senior writer at AlterNet.
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