Brookings: Do Americans Believe Capitalism & Government Are Working?

The Brookings Institute recently published findings from the Public Religion Research Institute and Governance Studies at Brookings regarding whether Americans think capitalism and government are working.

The 2013 Economic Values Survey explored Americans’ views on capitalism, government, economic policy, and financial well-being. 

Concerns:

• 26% felt the lack of jobs was most the important economic issue
• The budget deficit was the second concern (17%)
• 18% cited rising health care costs
• Education as the most important issue: 9%

Despite these statistics, 54% believe that capitalism is working at least somewhat well. Government on the other hand prompts over 60% of Americans to agree that government should do more to reduce the gap between rich and poor, and that it is the responsibility of government to take care of those who cannot take care of themselves. A majority (54%) believes that hard work and determination are no guarantee of success, while a majority (52%) also believes their generation is better off financially than the next generation will be.

From: The Brookings Institution

The findings also showed that despite polarization, "approximately 8-in-10 Americans agree that promoting freedom and liberty, encouraging people to live more responsible lives, and promoting equality and fairness are important guiding values. More than two-thirds cite promoting a public safety net as an important guide."

Click here to download the survey report


Dan Zwirn has recently joined the Brookings Institution Budget and Finance Committee. He has also served as a Trustee.