Just 53% Say Capitalism Better Than Socialism

Now before your head implodes, take a deep breath because there is light at the end of the tunnel.

I nearly had a coronary before I finished reading ALL of the results.

Rasmussen reports:

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.

Before reading any further, I was ready throw bricks at my computer monitor in outrage.

Mouth foaming commenced along with rabid fits of anger at our publik school indoctrination centers.

However, all hope is not lost:

It is interesting to compare the new results to an earlier survey in which 70% of Americans prefer a free-market economy. The fact that a “free-market economy” attracts substantially more support than “capitalism” may suggest some skepticism about whether capitalism in the United States today relies on free markets.

Other survey data supports that notion. Rather than seeing large corporations as committed to free markets, two-out-of-three Americans believe that big government and big business often work together in ways that hurt consumers and investors.

Fifteen percent (15%) of Americans say they prefer a government-managed economy, similar to the 20% support for socialism. Just 14% believe the federal government would do a better job running auto companies, and even fewerbelieve government would do a better job running financial firms.

This actually brings me some peace.

I find it disheartening that the statists have been so good at demonizing the word “capitalism” when in fact capitalism means free-markets.  Yet the fact that the overwhelming majority of American’s still believe in REAL free-markets gives me hope.

We don’t have capitalism in this country today.  Capitalism does not mean having a federal reserve that bails out crooked bankers.  Capitalism does not mean having a government that regulates competition into the ground.  Capitalism does not mean having a government that is responsible for 40% of the nations spending.

While the American public is apparently confused as to what capitalism means, they still have faith in the people rather than big-government.

Oh, and Praise Mao.