Americans – including many Republicans – are losing faith in capitalism
4 hours ago
- Trump's strategy for the 2026 midterms is to label Democrats as socialists or communists.
- The broader trend is declining faith in capitalism and economic fairness, with views of capitalism dropping significantly.
- A Fox News poll shows views of capitalism fell from +30 points in 2019 to just +4 points now, and 65% of voters say the system is rigged for the wealthy.
- Republicans show the biggest shifts: favorable views of capitalism dropped from 72% to 61%, and strongly favorable from 54% to 41%.
- 42% of Republicans now believe the system is rigged for the wealthy, up from 30%.
- Other polls indicate fewer than half of Americans think capitalism works even somewhat well, and majorities are bothered by wealthy and corporations not paying fair taxes.
- Candidates promising economic overhaul, including democratic socialists like Bernie Sanders and Alexandria Ocasio-Cortez, are gaining appeal despite socialism's unpopularity.
- Conservative commentator Meghan McCain warned that Republicans may face a problem if Democrats nominate candidates like Zohran Mamdani who effectively address economic issues.