It doesn’t help that Millennials’ definition of Capitalism is Neoliberalism which conjures up images like outsourcing, H1B visas, and unpaid internships.
They think there is no alternative.
Any survey that offers only 2 approaches: Capitalism and Socialism is an atrocity. All modern societies have a mix of 3 approaches:
Socialism, Capitalism and Corporatism aka Mercantilism which is the arch enemy of Capitalism. Post WWII Corporatism has been on the ascendency at the expense of both Socialism and Capitalism.
Medicare and Medicaid started off as mostly socialism, FFS-Fee For Service. But both R and D found it didn’t work and gradually shifted to Corporatism. The ACA is a big shift toward Corporatism... welfare
big insurance, big hospitals, big pharma, big IT.
Prisons used to be socialist. Increasingly they are moving to Corporatism.
Any survey, any academic, who does not include all three is either grossly ignorant or grossly dishonest.