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Is socialism replacing capitalism? New polls reveal a generational divide

From New York’s socialist mayor to Biden’s centrist win, the data tells two stories. Are polls capturing real change—or just fleeting trends?

,   and  Administrator
1 min read
This picture is clicked outside the city. In this picture, we see a double decker bus is moving on...
This picture is clicked outside the city. In this picture, we see a double decker bus is moving on the road. Beside that, we see a street light. There are trees, buildings and poles in the background. On the right side, we see the trees and buildings. In the right top of the picture, we see the sky.

Is socialism replacing capitalism? New polls reveal a generational divide

A recent poll by Politico has sparked discussions debate, declaring 'Capitalism is out ... and socialism is in'. However, experts caution about the reliability of election polls. Meanwhile, the 2020 Democratic presidential primaries reflected this shift in public opinion.

Gallup polls have shown a steady decline in support for capitalism. An NPR podcast explored this phenomenon, discussing how socialism has gained popularity, especially among younger generations. A Data for Progress poll, using leading questions, found that people expressed favourable views towards democratic socialism.

Zohran Mamdani, a member of the Democratic Socialists of America, was elected as New York City's mayor, representing the left-wing of the Democratic Party. His background includes being a state legislator, former rapper, and advocate for social justice and affordable housing. Meanwhile, Trump's brand of capitalism has been criticised as more 'state capitalism' than free market capitalism.

In 2018, a Gallup poll revealed that a majority of Democrats viewed socialism more favourably than capitalism. This trend continued into the 2020 election, with an NBC poll showing that a majority of registered voters did not like capitalism. However, Joe Biden, who did not align himself with the Sanders lane, ultimately won the Democratic nomination.

The shift in public opinion towards socialism and away from capitalism is evident in recent polls and election results. However, the reliability of these polls and the influence of party associations remain topics of discussions debate. Despite these trends, the 2020 Democratic primaries demonstrated that a more centrist candidate could still win the nomination.

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