Eighty-four percent (84%) of voters nationwide have a favorable opinion of free markets. A ScottRasmussen.com national survey found that total includes 87% of Republicans, 85% of Independents, and 81% of Democrats.
Forty-one percent (41%) have a favorable opinion of Socialism. That includes 60% of Democrats, 33% of Independents, and 23% of Republicans. However, data released earlier shows that most who like the term Socialism do not think of it as an economic ideology.
Voters strongly believe that Free Markets are better than Socialism when it comes to promoting economic growth (55% to 12%), creating quality jobs (52% to 13%), and giving everyone a chance to succeed (44% to 19%).
Voters give Free Markets a more modest advantage on helping people in poverty reach the middle class (37% to 22%), creating a fair society (35% to 25%), and reducing poverty (33% to 24%).
Voters are close to evenly divided on which system will be better at reducing health care costs: 30% say free markets and 26% socialism. However, it’s worth noting that there is very little support for requiring all Americans to get health insurance through a government program.
Republicans tend to believe free markets are better for achieving each of these goals. Independents, while a bit less enthusiastic, are more likely to see free markets as the better option for everything but reducing health care costs. On that, they are evenly divided (24% say free markets, 25% socialism).
Democrats see Free Markets as better than Socialism when it comes to promoting economic growth and creating quality jobs. They are evenly divided as to which approach is best for giving everyone a chance to succeed. However, Democrats also are more likely to see Socialism as better for reducing health care costs, creating a fair society, helping those in poverty reach the middle class, and reducing poverty (see crosstab results).
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The national survey of 1,003 Registered Voters was conducted June 15-16, 2019 by ScottRasmussen.com and HarrisX, a polling company specializing in online surveys (see Methodology and a Demographic Profile of the sample). Results from the full sample have +/-3.1 Margin of Sampling Error with a 95% level of confidence.
Neither Scott Rasmussen nor ScottRasmussen.com has any relationship with Rasmussen Reports® (see About Us).