Friday, April 10, 2009

Only Half of Americans Want Capitalism?

“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.” –Winston Churchill

Most of us don't put much stock in polls, but this one really depressed me... This might be directly related to the public school system here in the U.S. Come to think of it, I went to a college prep school and I certainly don't recall ever learning about Capitalism vs. Socialism.

"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.

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. (source)

The article makes it a point to say that pollsters didn't define "Capitalism" or "Socialism" for the participants. I'm hoping this is the reason for such an anti-American result. Americans need to be reeducated in the importance of the free market system and the ideals/wisdom of the founding fathers.

Read The 5000 Year Leap
Read Liberty and Tyranny: A Conservative Manifesto

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