The left's demonization of capitalism is succeeding

Only 53% of American adults believe capitalism is better than socialism.

The latest Rasmussen Reports national telephone survey found that 20% disagree and say socialism is better. Twenty-seven percent (27%) are not sure which is better.

Adults under 30 are essentially evenly divided: 37% prefer capitalism, 33% socialism, and 30% are undecided. Thirty-somethings are a bit more supportive of the free-enterprise approach with 49% for capitalism and 26% for socialism. Adults over 40 strongly favor capitalism, and just 13% of those older Americans believe socialism is better.

Investors by a 5-to-1 margin choose capitalism. As for those who do not invest, 40% say capitalism is better while 25% prefer socialism.

There is a partisan gap as well. Republicans - by an 11-to-1 margin - favor capitalism. Democrats are much more closely divided: Just 39% say capitalism is better while 30% prefer socialism. As for those not affiliated with either major political party, 48% say capitalism is best, and 21% opt for socialism.

Obviously, leftist dominance in academia and education are having exactly the effect that was foretold many years ago; younger people have been so indoctrinated to believe that capitalism is evil that they have no clue that all those material possessions they take such delight in using - TV, computer, internet, CD's, - would not be available to them in most socialist countries.

There is also the callowness of youth at work with these attitudes as once these youngsters grow up and start to raise a family, all of a sudden they want lower taxes and the opportunities only afforded those who live in capitalistic societies. I sure hope the same thing happens to this crop of young people.

And how about those eye popping numbers for Democrats? Just 39% believe in capitalism? Kind of makes our present situation a little more understandable, doesn't it.