WSJ Poll Shows Majority of Americans Say Capitalism Fails, Up From About 33% a Decade Ago
Updated
Updated · The American Prospect · Jul 9
WSJ Poll Shows Majority of Americans Say Capitalism Fails, Up From About 33% a Decade Ago
3 articles · Updated · The American Prospect · Jul 9
Summary
A Wall Street Journal poll found a majority of Americans now say capitalism is not working well for them, versus about one-third a decade ago.
That shift reflects a view that wealth, income and political power have concentrated at the top, eroding the broad prosperity that once blunted support for socialism.
The report argues socialism gains traction when voters see capitalism failing in daily life, especially after crises such as the 2008 financial meltdown and bailouts that favored the wealthy.
The broader implication is a more receptive U.S. audience for policies such as taxing billionaires to fund affordable child care and other social programs.