A new Wall Street Journal-NORC poll found that Americans are increasingly skeptical of capitalism, with just 49% saying the economic system is working very well or somewhat well, down from 60% about a decade ago. The survey also found that 51% now believe capitalism is not working well or is not working at all, reflecting broader concerns about economic opportunity and confidence in the nation’s institutions.

BACKGROUND
The poll comes as democratic socialist candidates have gained traction in some Democratic primaries and President Donald Trump has continued to argue that the nation’s economic system has failed working-class Americans. Only 35% of respondents said they were confident the United States still offers people the opportunity to find good jobs and achieve the American dream. More than half said democracy is not working well or at all, while more than two-thirds believe the country is in decline and that its best days are behind it. The survey also found sharp partisan differences over patriotism and American history, though nearly three-quarters of respondents agreed that political divisions have become so severe that the government can no longer solve major problems.

Governors Race Heats Up

Michigan’s Republican race for governor turned increasingly combative Wednesday night as the party’s leading candidates squared off during a tense primary debate just weeks before voters choose their nominee.

The spotlight remained on Rep. John James, who has surged in recent weeks after earning President Donald Trump’s endorsement. With the August primary approaching, James became the main target as his rivals questioned both his political record and his ability to win a statewide election.

Former Michigan Attorney General Mike Cox and businessman Perry Johnson repeatedly challenged James throughout the debate, creating several heated exchanges as each candidate sought to convince Republican voters they are the strongest choice to keep the governor’s office in GOP hands.

One of the night’s most intense moments came when Cox accused James of benefiting from his family’s successful business background rather than earning his reputation on his own. Cox argued that Republicans should focus on selecting a candidate with a proven record of statewide victories instead of relying on name recognition or endorsements.

Cox also pointed to James’ unsuccessful U.S. Senate campaigns in 2018 and 2020, both of which received backing from President Trump. He argued those losses demonstrate that endorsements alone do not guarantee victory and said Michigan Republicans should nominate a candidate capable of winning in November.

James quickly pushed back, turning the criticism toward Cox’s own political history. He reminded viewers that Cox finished well behind the winner in Michigan’s 2010 Republican gubernatorial primary and argued that his opponent has also struggled to secure statewide victories.

While acknowledging that Cox has been a strong conservative voice, James maintained that the Republican Party needs a nominee who can unite voters and defeat the Democratic candidate in the general election.

Businessman Perry Johnson also joined the debate, criticizing James and attempting to distinguish himself as an outsider focused on bringing private-sector experience to state government.

The spirited debate highlighted just how competitive Michigan’s Republican primary has become. With control of the governor’s office at stake after Democratic Gov. Gretchen Whitmer reaches her term limit, Republican voters will decide on Aug. 4 which candidate they believe offers the party its best chance to reclaim the state’s highest office.

As Election Day draws closer, the contest is expected to become even more competitive, with the candidates continuing to make their case to conservative voters across Michigan.