10/20/26

For the first time in Gallup’s polling history since 2010, positive views of socialism crossed the 40% threshold. Fortunately, Small Business and Free Enterprise still hold solid majorities. The Democratic Socialists of America explicitly say their objective goes beyond regulating capitalism. It favors collective ownership of important economic sectors and describes democratic socialism as an alternative to capitalism. Its constitution calls for “popular control of resources and production” and economic planning. However, the farther an economy moves toward comprehensive government ownership and central allocation and away from free market forces, serious problems with productivity, shortages, innovation and resource allocation become the norm.