By AMELIA THOMSON-DEVEAUX
Updated 11:08 AM EDT, September 8, 2025
Capitalism’s image has slipped with U.S. adults overall since 2021, the survey finds, and the results show a gradual but persistent shift in Democrats’ support for the two ideologies over the past 15 years, with socialism rising as capitalism falls. The shifts underscore deep divisions within the party about whether open support for socialism will hurt Democrats’ ability to reach moderates or galvanize greater support from people who are concerned about issues like the cost of living.
...But Democrats under 50 are much less likely to view capitalism favorably, while the opinions of Democrats ages 50 and older haven’t shifted meaningfully, according to Gallup.
Markets can have a place in early socialist development, especially for luxuries like you said, but there's no reason to really keep it when the profit motive overstays its usefulness. It sounds like you'd be a big fan of Socialism with Chinese Characteristics, which is similar to what you describe, only with the caveat that the goal is to fully collectivize production in the long run as this becomes more feasible.