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Now, many Americans prefer socialism over capitalism

New York, Apr 10 (ANI): The financial crisis has hit the United States hard, and media reports point out that the country is leaning toward socialism after the US government taking majority stake in banks, bossing around the auto industry, and floating the possibility of nationalized healthcare.

A new poll suggests that if there were merit to those arguments, many Americans wouldn't mind, the Daily News reported.

Only a slight majority of American adults believe capitalism is better than socialism, according to the latest Rasmussen Reports national telephone survey.

Asked whether capitalism or socialism is a better system, 53 percent of American adults cited capitalism, 20 percent said socialism and 27 percent said they weren't sure.

The question posed by Rasmussen did not define capitalism or socialism, which could skew the poll's results, but the findings appear to reflect the public's concerns about capitalism in the midst of a recession.

The poll of 1,000 adults nationwide, conducted on Monday and Tuesday, has a sampling error of plus or minus three percentage points.

According to the poll, adults over 40 strongly favour capitalism, while adults under 30 are essentially evenly divided.

Republicans by an 11 to 1 margin believe capitalism is superior to socialism, the poll found.

Democrats are much more closely divided, with 39 percent preferring capitalism and 30 percent backing socialism.

Investors by a 5-to-1 margin said capitalism is better than socialism. (ANI)

6 Indian-Americans figure on list of 30 Soros Fellows

New York, Mar 25: Six Indian-Americans have been declared winners of the Paul and Daisy Soros Fellowships for New Americans. The Indians were-- Manav Bhatnagar, Sudeb Dalai, Sushma Gandhi, Sandeep Kishore, Krishnan Subrahmanian and Vijay Yanamadala. There were 30 winners of the honour which included a Pakistani-American Noorain Khan. According to a statement issued by the New York-based fellowship foundation, a New American is an individual who is a resident alien (green-card holder) or a naturalised citizen. The fellowship is open.....
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