Capitalism vs. Socialism - U.S. Chamber of Commerce

[Pages:36]Capitalism vs. Socialism

A Defining Moment for American Business

INSIGHTS | ACTIONS | RECOMMENDATIONS

CCC100 | SEPTEMBER 16, 2019

What we will cover today:

? Data insights: What do polls and research tell us about the underlying issues at play?

? What you are hearing: Does the data match what you/your members are experiencing?

? The path forward: How can we work together to inform and empower?

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Data Insights

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1. Don't panic (But don't ignore)

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Americans still favor capitalism over socialism (Gallup)

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However, capitalism has less support among key demographics

Women, Hispanics, and young Americans are much less positive on capitalism

Overall Republicans Democrats Independents Women Hispanics 18-34

Capitalism (Favorable ? Unfavorable)

55-27 71-15 42-36 53-27 41-33 45-43 44-38

Socialism (Favorable ? Unfavorable)

27-55 15-73 40-37 25-58 28-47 34-54 40-42

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60%

50%

Americans under 40 express

40%

greater support than opposition 30%

for both capitalism (+19 points)

and socialism (+10 points)

20%

10%

0%

Adults Under 40

51% 32%

47% 37%

Capitalism Favorable

Socialism Unfavorable

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For Americans under 30, socialism viewed more favorably

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