Posted on 06/28/2016 5:00:42 AM PDT by BradtotheBone
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.
"The word 'capitalism' doesn't mean what it used to," said Zach Lustbader, a senior at Harvard involved in conducting the poll, which was published Monday. For those who grew up during the Cold War, capitalism meant freedom from the Soviet Union and other totalitarian regimes. For those who grew up more recently, capitalism has meant a financial crisis from which the global economy still hasn't completely recovered.
(Excerpt) Read more at washingtonpost.com ...
Unfortunate,y those 42% will rise to the top in our goverment.
Not surprising. Marxists run our public schools and many parents today just don’t give a rats patoot.
The 42% don’t realize that Capitalism is the system that makes Socialism possible. An abundance of Socialism destroys Capitalism and the whole collapses.
Most of those children have never really lived under actual Capitalism. What we’ve had here for the past few decades really isn’t capitalism, it is corporatism (a form of diluted socialism).
They have never been taught the principals of capitalism. The schools are leftist training academies.
But will they be willing to give up the products of capitalism - smartphones, Air Jordan shoes, a vast selection at clothing stores, etc.
Maybe they will understand when they get jobs, if they can find jobs with safe spaces, and the Democrats start taking
“a few” things from them for the common good.
It’s all pretty easy to understand. Capitalism means having to get up in the morning and go to work. Socialism means traveling the world on somebody else’s dime taking selfies with celebrities and doing goofy stuff. We used to call it laziness but that’s politically incorrect now.
How can you blame them? They’ve had heavy indoctrination, so many of them don’t know what capitalism really is.
There’s another factor, though. Since what we have now is a heavily managed system somewhere between crony capitalism and crony/special interest socialism, many of the younger people are having trouble getting on the carousel.
In my own family, I have a highly skilled individual who is ABD (all but dissertation) in physical chemistry and a pretty sharp computer guy. He had a job for two years programming at an oil exploration company whose work force was almost completely composed of H1-B workers. The price of oil finished off that job, and he’s having difficulty finding another.
He convinced me that the H1-B problem is large and real. He said that in the STEM businesses, H1B workers are like indentured servants. They don’t have a green card, and have to maintain employment for something like four years to qualify for one. If they lose their job, they are sent home.
Companies that employ them know this, and often drive them mercilessly with 70 hour workweeks, including routine weekend emergencies. Yes, it becomes a job Americans don’t like, because it’s sweatshop intellectual work. Moreover, in some of these groups, the majority of workers are Chinese or Indian, so often (not always, of course) the boss has preferences when it comes to assignments and especially promotion.
There’s been reams written about US “hollowing out” by the sending of production off-shore. Almost nothing is written about the intellectual hollowing out that will ensue due to H1B overuse. The word is starting to get around, and eventually STEM will be avoided.
Now, I’ve drifted a bit from my initial statement. My fella is pretty capitalist, but he feels like the deck is stacked against him and it’s hard to get a leg up. If his school indoctrination had taken better hold and he couldn’t analyze the problem, I could see how he might think that if this was capitalism, something else might work better.
‘Free’ Trade has done more damage to capitalism than anything else. If government and corporate America(the new fascism) doesn’t believe in the American worker then what good is capitalism? Marx had this path to Communism mapped out 150 years ago.
Headline explains a lot.
Explains Clinton’s growing lead in the polls.
Explains the “BrownShirts” taking over the streets.
Explains the GOPe’s need to get rid of Trump.
Explains “conservative” commentators suddenly become Clinton supporters.
Explains American’s abysmal public school system.
Added together with many others these:
Explains why the American Republic now looks more like a Facist America.
Exactly
....Yet now that the Bernie is out, many will end up jumping ship and going with Trump.
Bullstalin.
Millenials are the ones owning overpriced food trucks selling $12 hamburgers and $5 fries.
Then let them live in Venezuela or North Korea.
Ask them what the word means. If 1 out of 10 gets it right, I’d be amazed.
So yeah, they reject whatever their definition of capitalism is. Because that’s what cool hipsters do, dude.
Keep it up and come early in November the so-called “silent majority” WILL put Mr. Trump in, mark my words.
They think the Fascist system that is in place today is capitalism, which is absurd in light of the dominance of politically-driven government spending in the economy.
And far too many people who consider themselves defenders of capitalism share the same illusion, without having the empathy to see the damage that the wealth strip-mining in this breathtakingly corrupt system has been doing to posterity.
This is largely because the “capitalism” they’ve been seeing, as they’ve grown up, is anything but.
The problem is that they don’t understand that the problems of our current economic system - which none of us will deny - are caused by government interference, excessive regulation, cronyism and rent-seeking. And that it’s the “Progressives” who are doing it.
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