America’s Trust in Capitalism Plummets While CEOs Plan Survival Showdown in Davos
KEY POINTS
- •Americans’ trust in capitalism is declining because of rising expenses and insecure living conditions.
- •At Davos in 2026, President Trump promised the U.S. would emerge 'bigger and better' amid economic shifts.
- •California’s governor and New York City's mayor propose different capitalism reforms, while the government steps in as a company shareholder.
In what might be 2026’s biggest plot twist, Americans’ trust in capitalism is taking a nosedive thanks to pricey daily life and wages apparently playing a stubborn game of hide and seek. Business Insider’s own survey found folks worried their paychecks are stuck in quicksand while greedy housing prices giggle on the sidelines. Meanwhile, back at Davos—the biosphere’s luxury soap opera—President Trump promised a 'bigger and better' U.S. despite the economy apparently losing tenure and loyalty faster than gym memberships. California’s Gov. Gavin Newsom peddled a 'rules-based, competitive' capitalism, while NYC’s self-confessed socialist mayor Zohran Mamdani declared it's time for a full system ground-up reboot, gaining voters who probably can't afford homes either. Meanwhile, Uncle Sam decided to sideline as a hands-on shareholder in corporations, proving capitalism now has a weird government chaperone. It’s less 'fight club,' more economic reality TV, but nobody’s winning.
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Source: Businessinsider | Published: 1/22/2026 | Author: Debbie Strong