Capitalism vs socialism: What the global data reveals about human well-being
By Sanjai Bhagat | Commentary, The Daily Signal
Capitalism versus socialism has become a topic of intense debate in senior political and business circles. The recent election of socialist-leaning candidates in major U.S. cities highlights the contemporary relevance of this topic.
A recent Gallup poll finds that Americans view capitalism more positively than socialism; the 54% viewing capitalism favorably is down from 60% in 2021. Americans view socialism more negatively (57%) than positively (39%), with little movement in these attitudes over time.
How have the people of a country fared that have adopted socialism? Not so well—the evidence below indicates.
How have the people of a socialist country that have adopted capitalism fared? Very well—again, t...



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