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Ayelet Sheffey
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- American sentiment toward capitalism is on the decline, surveys show.
- It comes amid an increased dissatisfaction with economic conditions in the US.
- Business Insider wants to hear what you think about capitalism — take our survey below.
What does capitalism mean to you?
Over the past few years, polls have shown that American sentiment toward capitalism is on the decline — especially among Democrats and younger generations.
For example, the latest Harvard Youth Poll found that 39% of surveyed 18- to 29-year-olds support capitalism, down from 45% in 2020. A September poll from Gallup showed that it's not just young people — 54% of Americans view capitalism favorably, down from 60% in 2021. It's the lowest result that Gallup has measured to date.
The shifting sentiment reflects a broader shift in the US, with Americans growing increasingly dissatisfied with the state of the economy, including inflation and the high cost of living. They're seeking solutions, and it could help explain why political figures who support socialism have gained support.
Business Insider is exploring the future of capitalism, and we want to hear what our readers think. Please fill out our survey below.
