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Socialism Is Gaining Popularity, Poll Shows — Kenny Stancil

Summary:
The online survey, conducted June 11-25 by Momentive on behalf of Axios, found that 57% of U.S. adults view capitalism in a positive light, down from 61% in January 2019, when the news outlet first polled on these questions. Then and now, 36% are critical of the exploitation of the working class and the environment by the owning class.Perceptions of capitalism have remained consistent among adults ages 35 and older, meaning that the system’s dwindling popularity is driven by the nation’s young adults. According to the poll, 18 to 34-year-olds today are almost equally likely to hold a negative opinion of capitalism as a positive one (46% vs. 49%). Just two years ago, that margin was 38% vs. 58%.Perhaps unsurprisingly given the severity of the climate emergency, capitalism is particularly

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The online survey, conducted June 11-25 by Momentive on behalf of Axios, found that 57% of U.S. adults view capitalism in a positive light, down from 61% in January 2019, when the news outlet first polled on these questions. Then and now, 36% are critical of the exploitation of the working class and the environment by the owning class.

Perceptions of capitalism have remained consistent among adults ages 35 and older, meaning that the system’s dwindling popularity is driven by the nation’s young adults. According to the poll, 18 to 34-year-olds today are almost equally likely to hold a negative opinion of capitalism as a positive one (46% vs. 49%). Just two years ago, that margin was 38% vs. 58%.

Perhaps unsurprisingly given the severity of the climate emergency, capitalism is particularly unpopular among 18 to 24-year-olds, with negative views outweighing positive views by a margin of 54% to 42%.…

Apparently, the propaganda machine is not working as well as previously, nor is narrative control. 

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Socialism Is Gaining Popularity, Poll Shows
Kenny Stancil

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Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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