According to a recent Rasmussen Reports poll of American adults under the age of 30:
- 1/3 favor capitalism
- 1/3 favor socialism
- 1/3 are not sure
This is unprecedented in many of our lifetimes and helps to frame the shift in attitudes that the economic crisis is causing.
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.
It is interesting to compare the new results to an earlier survey in which 70% of Americans prefer a free-market economy.