Socialism, Capitalism Seen in New Light by Younger Americans

Socialism, Capitalism Seen in New Light by Younger Americans, by Eli Stokols.

In [the] 2016 survey for Harvard University’s Institute of Politics, 42% of younger Americans said they support capitalism, and only 19% identified themselves as capitalists. …

“Maybe it had to do with the ‘American Dream,’ and how capitalism was correlated with it, but a lot of young people don’t believe in it anymore,” said Ana Garcia, a junior at the Elon event. “We don’t trust capitalism because we don’t see ourselves getting ahead.”

Largely because of such millennials, generally those born in the 1980s and 1990s, socialism has moved from being a taboo because of its associations with the Cold War to something that has found rising appeal among those polled by Harvard and in other surveys that compared different generations. …

[Grace Magness, an Elon freshman] says, “socialism has gotten less spooky; it’s no longer associated with communism the way it was.” She adds: “straight-up capitalism seems like it has a lot of potential to be really corrupt.” …

Young people across the generations tend to be viewed as more left-leaning than their elders. Underlying the millennial generation’s leftward tilt is angst about the future …

News poll of millennials released last week showed that just 19% of young people identify as Republicans and 71% don’t believe the GOP cares about people like them. By comparison, 53% said Democrats care about people like them.

But in the most recent survey for Harvard, Mr. Della Volpe asked the same question and found that just 34% of millennials believe the Democratic Party cares about them.