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Gallup: Support for Capitalism Falls to Record Low as Democrats Warm to Socialism

The findings highlight eroding trust in big business, with a widening partisan and generational split.

Sen. Bernie Sanders, I-Vt., left, and New York City mayoral candidate Zohran Mamdani greet the crowd during a town hall on Saturday, Sept, 6, 2025, in New York. (AP Photo/Olga Fedorova)
FILE - Democratic presidential candidate Sen. Bernie Sanders, I-Vt., pauses while speaking at George Washington University in Washington, June 12, 2019, on his policy of democratic socialism, the economic philosophy that has guided his political career. (AP Photo/Andrew Harnik, File)
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Overview

  • Just 54% of U.S. adults view capitalism favorably, down six points from 2021 and the lowest level since Gallup began asking in 2010.
  • Democrats now rate socialism (66%) more positively than capitalism (42%), while independents’ positive view of capitalism has fallen to 51% and Republicans remain high at 74%.
  • Socialism holds 39% favorability overall, with only 14% of Republicans viewing it positively.
  • The age gap is sharp: 43% of adults ages 18–34 view capitalism positively, and 49% in that group view socialism positively.
  • Views of big business have slid to 37% positive even as free enterprise (81%) and small business (95%) remain widely liked; Gallup interviewed 1,094 adults Aug. 1–20 with a ±4-point margin of error.