Friday, August 17, 2018

Report: Young Americans Prefer Socialism to Capitalism

A new report from Gallup revealed that young people prefer socialism to capitalism.

The Gallup report, which was published on August 13, details American attitudes on socialism and capitalism. The results specifically identified that positive attitude towards socialism amongst millennials. The majority of Americans, aged 18 to 29, now prefer socialism to capitalism.

Americans aged 18 to 29 are as positive about socialism (51%) as they are about capitalism (45%). This represents a 12-point decline in young adults’ positive views of capitalism in just the past two years and a marked shift since 2010, when 68% viewed it positively. Meanwhile, young people’s views of socialism have fluctuated somewhat from year to year, but the 51% with a positive view today is the same as in 2010.

A report from CNBC on the Gallup poll argued that many young Americans are struggling to get by in the current economy. For example, wages haven’t risen to match the rise in the cost-of-living. As a result, many young Americans are blaming the system for their struggles.

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