In Their Own Words: Behind Americans’ Views of ‘Socialism’ and ‘Capitalism’

For many Americans, “socialism” is a word that evokes a weakened work ethic, stifled innovation and excessive reliance on the government. For others, it represents a fairer, more generous society.

Critics of socialism point to Venezuela as an example of a country where it has failed. People with positive views of socialism cite different countries, such as Finland and Denmark, as places where it has succeeded.

Earlier this year, Pew Research Center found that 55% of Americans had a negative impression of “socialism,” while 42% expressed a positive view. About two-thirds (65%) said they had a positive view of “capitalism,” and a third viewed it negatively.

But what’s behind these opinions? To find out, we asked people to describe – in their own words – why they had positive or negative impressions of socialism and capitalism. CONT.

Pew Research Center