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Wednesday, December 8, 2021

Socialism in One Party

It would be forgivable if you were under the impression that the country had lurched to the left on economics based merely on the rise of socialists and their fellow-travelers in the Democratic Party.
 
  
Breitbart Business Digest
December 08, 2021

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It would be forgivable if you were under the impression that the country had lurched to the left on economics based merely on the rise of socialists and their fellow-travelers in the Democratic Party. Many of us have in our heads a model of political parties in which they pursue agendas in hopes of appealing to voters to win power. So if the Democrats are increasingly socialist and pursuing huge expansions in the role of government, that looks like evidence of a political shift.

But that's not what Gallup's most recent survey suggests. Gallup has been conducting a survey asking Americans if they have favorable views of six terms: small business, free enterprise, capitalism, socialism, big business, and the federal government. The poll indicates very favorable ratings for small businesses and free enterprise, much as it has for the past decade. Socialism wins approval from just 38 percent of Americans and capitalism garners a 60 percent approval rating, both largely unchanged over the past decade.

Even more interesting is what has changed. Just 38 percent of Americans say they have positive feelings about the federal government, down from 52 percent a decade ago. That puts the federal government on par with socialism.

Positive feelings about big business are also on the decline. Back in 2012, nearly 60 percent of Americans said they approved of big business. Now just 46 percent do. This has been driven by a change of heart among Republicans. In 2021, 56 percent of Republicans and Republican-leaning independents had a positive opinion of big business, down from 72 percent in 2019.

That huge slide in Republican support has not been accompanied by any change on the heart of Democrats, only 36 percent of whom say they have positive feelings about big business. This is evidence of the growing populism among conservatives and very clearly a reaction to the rise of Woke Capitalism and corporate support for radical causes like Black Lives Matter in the wake of last year's riots and protests.

So why have the Democrats and corporate America lurched to the left if that is alienating the public? Beneath the headline numbers, we can see the reason. Democrats' opinions of socialism have become much more positive over the years, moving from 53 in 2010 and 2012 to over 65 percent now. Meanwhile, Republican views have become slightly more negative on socialism (they were already very negative, so there wasn't really much more they could move).

And the meaning of socialism is changing. Democrats no longer think of it in the classical definition of state ownership of the means of production. Instead, they are most likely to think of socialism in terms of equality and government provision of benefits and services.

So although America is not becoming more socialist-leaning, the Democrats are.

Alex Marlow & John Carney
Breitbart News Network

 
 

TOP STORY

 
Woke Kellogg's Stock Tanks as Labor Talks Go Soggy
Share of the cereal maker Kellogg dropped sharply Wednesday morning after the company's talks with its labor union fell apart and workers decided to continue striking. Shares of Kellogg fell 2.4 percent despite the S&P 500 holding near flat for the day. Investors have reasons for concern. The company has said it would hire permanent replacements for striking workers but that may be easier said than done. The Labor Department said that employers had 11 million open jobs in October, a record high. Rutgers University professor Todd Vachon, who teaches classes about labor relations, said he's not sure the company will be able to hire enough workers to replace the ones who are out on strike in the current economy, and Kellogg's may have a hard time finding people willing to cross a picket line. [Click here for more]
 

IN OTHER STORIES...

Tom Cotton Marks 20 Years of China's 'Great Hollowing' of U.S. 'Industrial Base, Economy, and Working Class'
Sen. Tom Cotton (R-AR) on Wednesday marked the 20th anniversary since China was allowed to join the World Trade Organization (WTO) and begin the "great hollowing" of America's "industrial base, economy, and working class." In a speech on the United States Senate floor, Cotton blasted Republican and Democrat lawmakers like President Joe Biden who, 20 years ago, supported China's entering the WTO and normalizing... [Click here for more]
 
Capitalism is Popular But Woke Big Business Is Not
Even as leftwing Democratic politicians have pursued an agenda of expanding government into every corner of American lives, Americans have grown more distrustful of the federal government and not budged on their approval of capitalism and disapproval of socialism, survey results released Wednesday show. "Socialism ties with 'the federal government as the lowest rated of the six terms included in Gallup's 2021 survey of public opinion. In contrast, Americans are most positive toward small business and free enterprise, while they are slightly more negative than... [Click here for more]
 
Great Resignation: Quits Remain Near Record High
Americans quit their jobs in extremely high numbers in October, data from the Labor Department showed Wednesday. The total number of workers who quit their jobs in October was 4.2 million, the third-highest on record. The record high was the previous month, when 4.4 million quit. In August... [Click here for more]
 
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