Buffeted by bank bailouts and months of dire economic news, a growing number of Americans are quickly losing their faith in capitalism, a new poll found.
A Rasmussen Reports poll out yesterday found only 53 percent of Americans believe capitalism is better than socialism.
That's in sharp contrast with a Rasmussen poll three months ago, which showed 70 percent of voters were telling the incoming Obama administration that a free market was better than one managed by the government.
The latest poll found 20 percent prefer socialism -- the government ownership of industry. The remaining 27 percent aren't sure.
Young Americans and Democrats, the poll found, are more likely than the rest of the country to believe Karl Marx had a point.
Bit of crude definition of socialism, but good to see the financial crisis is making people rethink whether capitalism is the best/only way to run a society.
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