Tag: Human Development

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...