The share of registered voters with positive views of capitalism has dropped under 50% for the first time in seven years of NBC News polling on the issue — a shift that comes as some democratic socialists, like New York mayoral hopeful Zohran Mamdani, gain prominence in the Democratic Party.

Overall, 44% of registered voters say they have a positive view of capitalism, while 28% view it negatively. That’s a dip from how the economic system had been viewed in previous polls, which showed slim majorities viewing capitalism positively.

There’s a stark partisan difference in views on capitalism, a trend that also plays out in various demographics more likely to identify with either party. Two-thirds of Republicans view capitalism positively, compared to 44% of independents and 25% of Democ

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