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Thursday, April 09, 2009

Majority Of Americans Prefer Capitalism To Socialism

Rasmussen headlines with "Just 53% Say Capitalism Better Than Socialism."

In that results piece it shows that 53 percent of American's prefer capitalism over socialism, with only 20 percent thinking socialism is preferable and 27 percent that are not sure what they believe.

Amazing they would headline with the word "just" in there when it clearly shows the majority, 53 percent, favors capitalism with a 33 percent different between the two opposite ends of the spectrum.

I don't even count the "unsure" totals because even if you divide it straight down the middle you still have 33 percent more favoring capitalism.

The breakdown is also not surprising:

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 devil is in the details though where the "wording" and defining of capitalism changes the results drastically.

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.

It has been said often, but results of any poll is determined by how the question is posed.

Many think 53 percent is not a large enough number, but considering socialism only gets a solid 20 percent support, I say the numbers are very good indeed and people shouldn't focus on those who are "unsure" because when capitalism is called "free market economy" that 53 percent rises considerably to 70 percent.