Gallup released a poll Monday that found 54% of those surveyed had a positive opinion of capitalism. This was the lowest approval rating in the six years Gallup has polled on capitalism.
Capitalism, the system where people outside productive organizations own them, took a dive in approval among Democratic respondents. Only 42% of Democrats had a positive opinion of capitalism, which was the first time the approval rating dipped below half.
Meanwhile, socialism, the system where people involved in production own the productive organizations, remained stable. Socialism had an overall approval rating from 39% of respondents, which was an increase from 2021, but not an all-time high.
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Two-thirds of Democratic respondents reported a positive opinion of socialism, while 38% of independent respondents said the same.
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