Young Americans Drawn To Socialism At Alarming Rate
Article from Reason by Steve Chapman.
Capitalism has been the most dynamic force for economic progress in history. Over the past century, it has delivered billions of people out of miserable poverty, raised living standards to once-unimaginable heights, and enabled an unprecedented flourishing of productive creativity. But among young Americans, it finds itself on trial.
The University of Chicago’s GenForward Survey of Americans ages 18 to 34 finds that 62 percent think “we need a strong government to handle today’s complex economic problems,” with just 35 percent saying “the free market can handle these problems without government being involved.”
Overall, 49 percent in this group hold a favorable opinion of capitalism—and 45 percent have a positive view of socialism. Socialism gets higher marks than capitalism from Hispanics, Asian-Americans, and African-Americans. Sixty-one percent of Democrats take a positive view of socialism—and so do 25 percent of Republicans.
What explains this generational divergence? The first factor is that young adults may take for granted the bounty capitalism has bestowed, from cellphones to inexpensive air travel to an endless array of food and beverage options. They can’t remember the time when those things didn’t exist.
Read the entire article at Reason.
Image Credit: By David Shankbone (Own work) [CC BY 3.0 (http://creativecommons.org/licenses/by/3.0)], via Wikimedia Commons