"Americans are increasingly souring on big business and capitalism - but they're not turning to socialism quite yet. New polling from Gallup found that just 37% of Americans have a positive rating of big business, down from 46% in 2021. It's a stunning turnaround in less than a decade. As recently as 2019, 52% of Americans had a positive view of big business. The poll also found that 54% of Americans rate capitalism positively, a six percentage point decline from 2021."
"Negative views of capitalism are especially pronounced among younger adults from the ages of 18 to 34, with 43% having a positive view of capitalism and 54% having a negative view. In fact, 49% of young adults had a positive view of socialism, compared to 46% who had a negative view. That could help explain why Zohran Mamdani, a Democratic socialist state assemblyman, won the Democratic primary for New York City mayor earlier this summer with the support of young people."
Gallup polling found 54% of Americans rate capitalism positively, a six-percentage-point decline since 2021 and the lowest favorability since 2010. Positive ratings of big business fell to 37% from 46% in 2021 and 52% in 2019. Eighty-one percent view free enterprise positively and 95% view small businesses positively. Adults aged 18 to 34 showed the lowest capitalism favorability at 43% positive and 54% negative, with 49% of that group viewing socialism positively. Overall socialism favorability remained near 39%, while 57% viewed socialism negatively. Political figures critical of capitalism have become more prominent.
Read at Business Insider
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