A majority of millennials now reject capitalism, poll shows

[Cheese Sandwich]

In an apparent rejection of the basic principles of the U.S. economy, a new poll shows that most young people do not support capitalism.

The Harvard University survey, which polled young adults between ages 18 and 29, found that 51 percent of respondents do not support capitalism. Just 42 percent said they support it.

It isn't clear that the young people in the poll would prefer some alternative system, though. Just 33 percent said they supported socialism. The survey had a margin of error of 2.4 percentage points.

The results of the survey are difficult to interpret, pollsters noted. Capitalism can mean different things to different people, and the newest generation of voters is frustrated with the status quo, broadly speaking.

All the same, that a majority of respondents in Harvard University's survey of young adults said they do not support capitalism suggests that today's youngest voters are more focused on the flaws of free markets.
...

https://www.washingtonpost.com/news/wonk/wp/2016/04/26/a-majority-of-millennials-now-reject-capitalism-poll-shows/

[SusanCalvin]

1. Good. nt

[fluffyclouds]

2. The establishment knows this and time is ticking on them.

These old timers like Clinton are on their last leg and just trying to get their name in the history books and money in their pockets before what is coming within the next 15 yrs.

[wendylaroux]

3. pretty sure if the books are factual,they will not

like what they'll say about them.

[jwirr]

18. Yes, very seldom do the leader who rule over the end of

an era get good marks in a history book.

[Svafa]

4. When I was in college, I thought I was unusually liberal. I was so glad when I started to discover

that many, many people in my generation feel the same way.

[silvershadow]

5. Welcome back, Cheese! nt

[RepubliCON-Watch]

6. Cheese! Great for you to be back!

And of course my generation hates capitalism. An economic collapse will do that to ya.

[Cheese Sandwich]

7. Thanks

That's cool it's so great that young people are starting to think beyond capitalism.

I hope they also are thinking about what kind of system they do want, and what it would take to make it happen.

[Hydra]

8. WB Cheese!

And what good news. Times are a changin'...I just don't know if it's fast enough :/

[YOHABLO]

9. What we're seeing is the end of almost 40 years of Reaganomics .. this trickle down bullshit.

We all know where it trickled ... or should I say the gushed. To the top 1% of this country.

[nikto]

10. The current form of American Capitalism is a crime-wave

Unregulated Capitalism leads to crime and corruption
like accumulating garbage leads to cockroaches.


2 + 2 = 4

[Gman]

11. 99% of them have no idea what capitalism is

And socialism? Forget it. I can hear it now. "Socialism? Ummm. Well, ummm..."

[Feeling the Bern]

16. Socialism. . .robbing makers to give to takers. 47% takers.

Free stuff.

Socialism is great until the gun is put to your head.
Socialism is taking from hard working people and giving to druggies, welfare queens, foreigners and free-loaders who are too lazy or stupid to work.

Do I really need the icon?

[Gman]

24. I would hope not

But ya had me going.

[Spitfire of ATJ]

12. This is why they're prevented from voting.

[zentrum]

13. Wonder how

..they figured it out, given the tremendous, constant pro-capitalist propaganda all around.

Very hopeful.

[awoke_in_2003]

28. Unlike my generation and older...

the young are not tuning in (at least not in large numbers) to TV media. They are getting their info elsewhere.

[pansypoo53219]

14. crapitalism.

[SoapBox]

15. Gasp...heresy!

[jomin41]

17. Wonderful!!!

[Jack Rabbit]

19. It's no wonder that young adults are turning away from the free market

What goes under the label of "free market" (Reaganomics, neoliberalism, supply-side, trickle-down) isn't capitalism; it's fraud. A healthy economy cannot be dominated by a parasitic industry like banking and finance. The whole scheme is to cycle and recycle debt. We need oil, so let's go to war and claim our oil under the Arabs' sand. Going to war is very, very expensive, so we go into debt. Get a college education, one goes into debt. Can't make ends meet with all that debt? Don't worry, the bank will extend your credit, and then extend it some more. Banking is a funny industry. Money in the bank may be an asset to you and me, but it's a liability to the bank; the bank has to pay you interest on your savings. On the other hand, your debt is an asset to the bank, because you're going to pay it back, someday. You may have to go into your savings, but if the the system starts to collapse, they may legally steal your savings first.

Isn't banking deregulation and modernization wonderful? There's no such thing a fraud. Fraud is legal, and if it's legal, then it isn't fraud, is it?

I'm not young and haven't been for a long time, but I certainly don't blame young people today for turning way from anything so decadent as the free market. This certainly isn't my Dad's capitalism.

[elmac]

20. Capitalism has destroyed this country

and will destroy democracy if the economic revolution doesn't succeed,

[Cheese Sandwich]

26. don't be that guy

[Cryptoad]

31. Thx

for illustrating my post!

[TBF]

35. Please delete the post - you're in the socialist group. nt

[LongTomH]

23. Interesting! When I started reading future studies back in the 60s. I encountered the notion that...

......both capitalism and socialism as we know them are obsolete. That was a brave statement then; it still is; but, it looks like more people are agreeing.

[Tarc]

25. Lol, that is hilariously sad

Eugene Debs ran for the presidency 5 times and lost, and Bernie Sanders is about to make it 0-for-6 for democratic socialism in America. We don't need it, but thanks for trying.

[TBF]

30. You're in the socialist group -

please delete your post or I will block you.

[ZombieHorde]

27. That is exciting news, in my opinion. nt

[TBF]

29. Glad you're back

we were just talking yesterday in this group about doing a primer on socialism.

[Cheese Sandwich]

32. This seems like a good time to start talking about socialism a lot because Bernie gave us a little

boost and generated hopefully some curiosity if nothing else.

[tralala]

33. Here are the full results

http://iop.harvard.edu/iop-now/harvard-iop-spring-2016-poll