
Cato poll finding: Gen Z is more favorable toward socialism than capitalism -- and is nearly evenly split on *communism* Among Gen Z: 53% view socialism favorably 45% view capitalism favorably 38% view communism favorably 36% view communism unfavorably
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Capitalism and Socialism
Capitalism (52%) is viewed somewhat more favorably than socialism (37%) among Americans generally. But people are evenly divided on socialism, with equal shares who are favorable (37%) as unfavorable (37%). A fifth (21%) have a favorable view of communism.
Gen Z stands out for having more people who like socialism (53%) than capitalism (45%). More than a third of Americans under 30 (38%) say they have a favorable view of communism. This means that nearly as many Gen Z Americans have a favorable view of communism (38%) as capitalism (45%). Moreover, Gen Z is the only age group with a more favorable than unfavorable view of communism (38% favorable, 36% unfavorable).
Each successive generation becomes less supportive of socialism and communism and somewhat more supportive of capitalism. For instance, while 53% of 18–29-year-olds like socialism, only 37% of 45–64-year-olds and 23% of seniors have a favorable view of it. And while 38% of Gen Z like communism, this drops to 29% among 30–44-year-old millennials, to 19% among 45–54-year-olds, to 13% among 55–64-year-olds, and only 5% among the nation’s seniors. Support for capitalism increases with successive generations, but less so: about half of Americans under 65 have a favorable view of capitalism compared to 64% among seniors.
The survey also found the “Democratic Socialist” label can both help and harm a candidate. About 4 in 10 (39%) said they’d be more likely to vote for such a candidate, 40% said they’d be less likely, and 22% weren’t sure either way. Democrats (61%), Liberals (64%), and Gen Z (51%) reported they’d be more likely to vote for a candidate with the Democratic Socialist label. This helps illuminate recent wins by candidates using the Democratic Socialists of America label in Democratic primaries over the past few weeks.