Apr 11, 2009 at 4:32 AM
Rasmussen has just released some new and interesting polls claiming that only 53% of Americans believe that capitalism is better than socialism. 20% disagree with this statement and 27% aren't sure which is better. This, compared to an earlier survey last December where 70% of Americans preferred a free-market economy, brings Rasmussen to the conclusion that "The fact that a “free-market economy” attracts substantially more support than “capitalism” may suggest some skepticism about whether capitalism in the United States today relies on free markets."
The poll also notes that adults under 30 are the most skeptical of a capitalist system. Clearly YAL is needed now more than ever to spread the truth among young people -- it's not the free market nor the capitalist system that has failed, but instead, as Dr. Paul put it in the forward to Meltdown, "It is the intervention into the market that has failed. The Federal Reserve and its manipulation of money and interest rates have failed. None of this can be blamed on the free market, but that isn't stopping newspaper columnists from doing so anyway." The people must be told the truth...they deserve no less.
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A certain greeting to Frank Luntz comes to mind.
It is very simple. Capitalism is a talking point and it has gotten the brunt of the beating these past few months.
Good point, Ryan. The polls were given without defining either capitalism or socialism, so what those terms meant was left up to each responder.
It's probably people's diluted view of the world that has lead them to follow such false prophets such as this considering, they have never truly gotten a real definition of socialism or capitalism. If people were given the honest response of it, I would only hope that numbers would improve or have we not done our job loud enough?











