19% Believe Capitalism and Free Markets Are the Same

Just 19% of voters nationwide believe that a Free Market System is the same as Capitalism. A ScottRasmussen.com national survey found that 39% believe they are different while 42% are not sure.

Eighteen percent (18%) believe Socialism and Communism are the same while 60% say they are not.

Sixty-one percent (61%) believe our political and economic system today is best described as Capitalism. Twenty-one percent (21%) believe we have a Free Market system and 13% say Socialism is the best description.

This suggests an underlying public desire to move in the direction of free markets. Data release earlier shows that 79% have a favorable opinion of Free Market economic systems. Sixty-two percent (62%) say the same about Capitalism while 40% offer a positive assessment of Socialism.

Free markets are also seen as more fair than any other political and economic system. That’s one reason 70% believe the nation would be better off with less government involvement in the economy.

The national survey of 1,000 Registered Voters was conducted October 25-26, 2018 by ScottRasmussen.com and HarrisX, a polling company specializing in online surveys (see Methodology). It has a 3.1 percentage point Margin of Error with a 95% level of confidence.

The support for free markets is also consistent with a broad support for freedom. Ninety-three percent (93%) of voters agree with a sentiment sometimes defined as the American Creed: Every American should have the right to live their own life as they see fit, so long as they respect the rights of others to do the same. Unfortunately, just 32% believe that it respects the right of every American to live their own life as they see fit.

It’s worth noting that 64% even believe freedom is more important than democracy.

Sixty-eight percent (68%) also agree that, in America, culture and technology lead the nation forward, while politics and government lag behind. On that point, 18% disagree and 13% are not sure.

Other data showed that 71% believe that Steve Jobs and Bill Gates have had a bigger impact on the world we live in than the last eight presidents combined.

The mission of ScottRasmussen.com is to enhance the public dialogue through data-driven analysis that explores the underlying currents of public opinion (read About Us). Sign up to receive the latest insights each day via email. You can also follow our work on Twitter and Facebook.

Neither Scott Rasmussen nor ScottRasmussen.com has any relationship with Rasmussen Reports® (see About Us).

Posted in Poll Results

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