'According to a Rasmussen poll released last week, 37 percent of Americans under age 30 prefer capitalism, 33 percent prefer socialism and 30 percent are undecided. Among all Americans, 53 percent prefer capitalism, 20 percent prefer socialism and 27 percent are undecided. . .
(T)here are real areas of overlap between European social democracy and American liberalism: The former has defined its Eden down to a form of social capitalism, while the latter, prompted by Wall Street's implosion, has upgraded its project to the creation of, well, a form of social capitalism. Doctrinal differences persist, but these overlaps certainly underpin Rasmussen's polling: While Republicans preferred capitalism to socialism 11 to 1, Democrats favored it by 39 percent to 30 percent.
The data on the young are particularly telling. Twenty-somethings are more open to socialism -- or social capitalism -- than 30-somethings not only because they never lived through the Soviet threat but because the economy, during the years in which deregulatory policy and Wall Street financialization were at their height, hasn't worked very well for them. Americans under 29 scored well to the left of the general public in a recent survey by the Center for American Progress, and voters under 30 backed Barack Obama by a 34-point margin in November, 66 percent to 32 percent.
The young may now disdain Wall Street -- but what do they know of socialism, past and present? Who even speaks of socialism in America today? The answer, of course, is the demagogic right. According to Rush Limbaugh, Sean Hannity, Glenn Beck and their ilk, Obama is taking America down the Socialist Road. As Benjamin Sarlin has noted on the Web site the Daily Beast, the talkmeisters of the right have linked a doctrine that never commanded much support in America to a president whose approval rating hovers around 60 percent and much higher than that among the young.
Rush and his boys are doing what Gene Debs and his comrades never really could. In tandem with Wall Street, they are building socialism in America.'
http://www.washingtonpost.com/wp-dyn/content/article/2009/04/14/AR2009041402556.html?hpid=opinionsbox1