It’s understandable that some feel this way. The “Millennials” have been given more without earning it than any generation in the history of this country. These are the kids of the youngest Baby Boomers, who were the most spoiled of the Baby Boom generation.
These kids have been told that they have a right to an education. A right to meaningful employment. They saw the 2008 Crash and have no idea why it happened. They have no understanding that it was caused by central planning. The Fed kept rates too low for too long which enabled the government to engage in social experimentation like the Community Reinvestment Act, which compounded the housing disaster. The government and the Fed created the bust. Then the government bailed out those who should have known better. Central planning is/was the problem. But ignorance abounds.
And the thing is, most in the media and in education have no idea why 2008 happened either. These supposed thought “leaders” have just fallen back on repeating economic mantras about “capitalism” that are acceptable to a certain slice of the American public. This slice then repeats these mantras to our young people and so just as the CRA compounded the housing Crash, the ignorant inteligencia compounds the ongoing intellectual Crash that is ravaging our young people.
Socialism doesn’t price things effectively and this is its fundamental flaw. The entire political philosophy is built on sand. It is unsound. And it is because of this unsoundness that it so often deteriorates to oppression. (Of all sorts, economic and social. And if you think things are free and happy in the Nordic Countries learn a little about the Law of Jante.)
In order to counter the reality of the market governments institute increasingly controlling policies, until as we’ve seen, socialism just implodes. This is the way it works. Socialism is born to die. Unfortunately history has shown us that before socialism dies it kills much else.
We’ve tolerated economic ignorance in this country for too long. We’ve let the people stuck in the 20th Century, the century of the State, “educate” our young people and dominate the conversation. This must change.
“Millennials now make up the largest generation in America, and we’re seeing some deeply worrisome trends,” said Marion Smith, executive director of the organization. “Millennials are increasingly turning away from capitalism and toward socialism and even communism as a viable alternative.”
But do they even know what it is?
The survey, which was conducted by research and data firm YouGov, found that millennials are the least knowledgable generation on the subject, with 71% failing to identify the proper definition of communism.
Smith explained that this “troubling turn” highlights pervasive historical illiteracy across the country and “the systemic failure of our education system to teach students about the genocide, destruction, and misery caused by communism since the Bolshevik Revolution one hundred years ago.”
Other findings include the belief held by 53% of millennials that America’s economic system works against them, which is the same percentage in the prior study. Meanwhile, 66% of Gen Z, ages 16-20, say the system works for them.