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What Americans Think About Poverty, Wealth, and Work

Findings from the Cato Institute 2019 Welfare, Work, and Wealth National Survey

Democrats Turn Against Capitalism during Trump Era; 64% of Democrats Like Socialism and 45% Like Capitalism

In 2016, Democrats were about as favorable toward capitalism (58%) as socialism (56%). But after President Donald Trump took office, Democrats became more favorable toward socialism. Today, 64% of Democrats have favorable opinions of socialism and 45% are favorable to capitalism. Republicans continue to have overwhelmingly favorable views of capitalism (77%) while only 13% have favorable views of socialism.

Fully 50% of Democrats say that President Donald Trump has made them “like capitalism less,” while 44% say he has had no impact on their perceptions. In contrast, majorities of independents (76%) and Republicans (64%) say Trump has not influenced their views about capitalism.

Most Americans continue to have positive views of capitalism and negative views of socialism: 59% have favorable views and 39% have unfavorable views of capitalism. In reverse, 39% have favorable views and 59% have unfavorable views of socialism….[ ]

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