Via Economic Policy Journal

In 2016, Democrats were about as favorable toward capitalism (58%) as socialism (56%). But after President Donald Trump took office, Democrats became more favorable toward socialism. Today, 64% of Democrats have favorable opinions of socialism and 45% are favorable to capitalism, according to a new Cato 2019 Welfare, Work,  Wealth Survey Report.

Fully 50% of Democrats say that President Donald Trump has made them “like capitalism less,” while 44% say he has had no impact on their perceptions.

Democrats were about equally favorable toward socialism and capitalism in 2010 (53% vs. 53%), 2012 (55% vs. 53%), and 2016 (58% vs. 56%). After the 2016 election, however, Democratic support for capitalism started to lose out to socialism. By 2018, Gallup found 57% of Democrats had a favorable view of socialism while fewer (47%) had a favorable view of capitalism.

Immediately after the election on November 10, 2016, I wrote:

There will be opposition to Trump but it will be coming from the left, not the Trump right.

The left is all about expanding the state. Thus, it will be very difficult to reach out to these people and present state shrinking anti-Trump ideas. They are a perfect target for the socialists…

 The socialists are going to experience a boom in followers under Trump.

Thus, neither the left nor the right is going to be open to libertarian ideas at the present time.

And so it has come to pass. The masses, especially the Democrats, believe that Trump is a representation of what capitalism is about. He doesn’t have a clue and neither do the masses but they are moving in a socialist direction. Not good.


(ht Evan M.)

READ ALSO  SE: What's Next for FCC Chairman Ajit Pai After Exit