A record low 54% of Americans say they have a “positive image” of capitalism, a drop of 7 points from when the question was first posed 15 years ago, according to a new Gallup Poll published Monday.
The drop in support is being driven by Democrats, 42% of whom say they view capitalism positively. Instead, 66% of Democrats say they support socialism.
Meanwhile, 51% of independents and 74% of Republicans say they are positive toward capitalism. Support from independents has dropped 8 points since 2021 while backing from Republicans is up 2 points in four years, according to Gallup.
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