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Poll: In a 'Drastic Shift,' Majority of Dem Voters Hold More Favorable View of Socialism Than Capitalism

Poll: In a 'Drastic Shift,' Majority of Dem Voters Hold More Favorable View of Socialism Than Capitalism
AP Photo/Andrew Harnik

Fox News released a poll on Thursday which revealed that a majority of Democratic voters prefer socialism over capitalism. The results, Ronn Blitzer says in his write-up for FOX Business, indicates a "drastic shift from last year" and a "sharp reversal from just a year and a half ago."

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The poll was conducted August 7-10 with 1,002 registered voters. 

Among total respondents, 32 percent have a favorable view of socialism, while 61 percent have an unfavorable view. These numbers are nearly reversed, however, among Democratic voters, with 59 percent having a favorable view and 31 percent having an unfavorable view. Democratic men, at 64 percent, and liberals, at 63 percent, had the highest favorable ratings of socialism. 

Other demographics where a majority had a favorable view of socialism included Blacks at 59 percent, Non-white women who had a favorable-unfavorable viewpoint breakdown of 50 to 42 percent, Democratic women whose favorable-unfavorable breakdown was 56-32 percent, and Biden voters, where the breakdown was 56 percent favorable and 34 percent unfavorable. 

When it comes to capitalism, 56 percent of respondents had a favorable view, while 37 percent had an unfavorable view. While 49 percent of Democrats had a favorable view of capitalism, compared to the 44 percent who had an unfavorable view, one can clearly see that more Democrats have a favorable view of socialism than capitalism, by double digits. Further, many more Democrats have an unfavorable view of capitalism than they do of socialism.

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Blitzer referenced poll results from February 2020 in his write-up, noting:

In February 2020, when the question was last asked, 50% of Democrats who participated said they had a favorable view of capitalism, with just 40% saying the same about socialism.

The poll showed that 44% of Democrats had an unfavorable view of capitalism, and 31% had a negative view of socialism.

The poll results, especially when considering the shift over time, may feed into a narrative which wonders if squad members and self-described Democratic-Socialists, such as Rep. Alexandria Ocasio-Cortez (D-NY) are the future of the Democratic Party, and to what extent. 

It's worth highlighting though, for a President Joe Biden who may want to distance himself from socialism and members like AOC, that 56 percent of his voters had a favorable view of socialism and 52 percent had a favorable view of capitalism.

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