Thursday, April 09, 2009

America Weakening on Capitalism

The polling firm, Rasmussen, is reporting today that Capitalism is barely winning over Socialism in the hearts and minds of Americans.

Of the 1000 asked in a telephone survey,

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.

There is a partisan gap as well. Republicans - by an 11-to-1 margin - favor capitalism. Democrats are much more closely divided: Just 39% say capitalism is better while 30% prefer socialism. As for those not affiliated with either major political party, 48% say capitalism is best, and 21% opt for socialism.

The question posed by Rasmussen Reports did not define either capitalism or socialism.

It is interesting to compare the new results to an earlier survey in which 70% of Americans prefer a free-market economy. 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.

Other survey data supports that notion. Rather than seeing large corporations as committed to free markets, two-out-of-three Americans believe that big government and big business often work together in ways that hurt consumers and investors.

Fifteen percent (15%) of Americans say they prefer a government-managed economy, similar to the 20% support for socialism. Just 14% believe the federal government would do a better job running auto companies, and even fewer believe government would do a better job running financial firms.

Most Americans today hold views that can generally be defined as populist while only seven percent (7%) share the elitist views of the Political Class.
Go here for the whole Rasmussen report with vital statistics links.

Capitalists are not doing a very good job at communicating what capitalism is and isn't. The best that's done is scare the bejeebers out of people about the evils of Socialism and Communism to the point that very close to half the people don't believe those warnings anymore.

And, why not? Socialism and Communism promise the easy life can be achieved without the grind of daily work. One's lifestyle is guaranteed cradle to grave. What does Capitalism promise? Hard work through long days, you get to keep whatever you create to do with as one chooses, but for success at any level there is no guarantee.

If I had never been to the old Soviet Union and observed with with my own senses. I might go for for Socialism, too. However, I never prospered until I gave up on the Liberal Democrat line (lie) and joined the Capitalist Republicans.

The life of Indigo Red is full of adventure. Tune in next time for the Further Adventures of Indigo Red.


Anonymous said...

Being a grizzled old capitalist myself..... I'd rather fight than switch. Don

Mike's America said...

How many people today even understand what the words mean?

Indigo Red said...

Life has always been a fight, Don, and capitalism has always won in the end. Under restricted economies it's called 'the black market'.

Not many, Mike, not many.