FRIDAY, APRIL 10, 2009
Is american dream over?
Fewer Americans believe in the capitalist system – that’s the result of a new survey. Only slightly more than half of those who were asked, said the free-market economy is what the country needs.This appears to be a real sign that the nation’s belief in capitalism has been severely shaken by the financial fallout.
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, and 27% are not sure which is better.
Adults under 30 are essentially evenly divided: 37% prefer capitalism, 33% socialism, and 30% are undecided. Adults thirty-plus are quite 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.
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Anti-capitalist and anti-war protesters demonstrate outside the New York Stock Exchange on April 4, 2009 (Mario Tama / Getty Images / AFP)
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10 April, 2009, 14:22
Fewer Americans believe in the capitalist system – that’s the result of a new survey. Only slightly more than half of those who were asked, said the free-market economy is what the country needs.
This appears to be a real sign that the nation’s belief in capitalism has been severely shaken by the financial fallout.
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, and 27% are not sure which is better.
Adults under 30 are essentially evenly divided: 37% prefer capitalism, 33% socialism, and 30% are undecided. Adults thirty-plus are quite 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.
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