Seventy-nine percent (79%) of voters have a favorable opinion of Free Market economic systems. A ScottRasmussen.com national survey found that 62% have a favorable opinion of Capitalism while 40% offer a positive assessment of Socialism. Just 18% view Communism favorably.
These views closely correlate to what people see as fair: 73% believe free markets are fair. Sixty-one percent (61%) say the same about Capitalism. Only 42% believe Socialism is fair while 21% hold that view of Communism.
Those figures include 36% who have a Very Favorable opinion of Free Markets. Just 12% are that upbeat about Socialism (see question wording and crosstab results).
It’s important to remember that voter definitions of these terms may not be the same as historical understanding of them. For example, an earlier survey found that most voters with a favorable opinion of Socialism do not believe it means a more powerful government with higher taxes.
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.
Fifty-three percent (53%) of Democrats have a favorable opinion of Socialism. However, 77% have a favorable opinion of Free Markets (see question wording and crosstab results).
Among Republicans, 83% like Free Markets and 20% have a positive view of Socialism.
As for Independent voters, 80% have a favorable opinion of Free Markets and 45% say the same about Socialism.
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