Democrats Favor Socialism Over Capitalism… Sorta

Here Dennis Prager discusses a recent poll showing that Democrat are in LOVE with socialism. USA TODAY notes the following about the poll:

According to a Gallup poll published Monday, a majority of Democrats no longer hold a positive view of capitalism, while nearly 60 percent of them feel good about socialism. More than 70 percent of Republicans, on the other hand, see capitalism positively, while only 16 percent of them have a positive view of socialism.

The positive view of socialism among Democrats, and those who lean Democrat, actually dropped a point from 58 percent in 2016. But in those same two years, positive feelings about capitalism plummetted from 56 to 47 percent

At one point Prager notes that socialism hasn’t made one dime in money… which made me think of this quote from an excellent book:

  • A 2009 study by the Swedish Economic Association discovered that the Swedish economy had failed to create any new jobs on net from 1950 to 2005. Thanks to conservative reforms, however, progress was finally being made, and Sweden’s national debt went from 80 percent of GDP in 1992 to 40 percent by 2008.

Thomas J. DiLorenzo, The Problem with Socialism (New Jersey, NJ: Regnery, 2016), 79.

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