Democrats are giving up on capitalism

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According to a Gallup poll released Monday, more Democrats view socialism positively than they do capitalism – a development that comes amid the popularity of Democratic socialist candidates in the midterm elections.

Fifty-seven percent of Democrats polled by Gallup have a favorable view of socialism, while just 47 percent of Democrats in the poll have positive feelings about capitalism.

It wasn’t long ago – in 2012, according to the poll — that Democrats viewed capitalism more favorably than socialism. But the positive feelings toward capitalism have dramatically dropped nine points since 2016, when 56 percent of Democrats said they liked capitalism.

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