According to a Fox article, millennials now make up the largest generation in America, and we’re seeing some troubling trends as they are increasingly turning away from capitalism and favouring socialism instead. Based on a study of over 2,000 people, nearly 45% of millennials polled said that they would prefer to live in a socialist country compared to the 42% who said they preferred a capitalist one. Another 7 percent said that the preferred living in a communist country. Oh dear. 🙁
By comparison, most baby boomers polled favor capitalism, compared to 26% who said they prefer a socialist system. Socialism never works in the long run because you eventually run out of other people’s money to spend. For a recent example we can turn to Venezuela, which has a socialist government. Venezuela’s currency has lost 99.9997% of its value in the past 6 years. In the span of a few months, the International Monetary Fund (IMF) has gone from forecasting that Venezuela’s inflation rate would hit 12,875% by the end of the year to now saying that it will get to 1,000,000%. Yikes! The country’s economy is on the verge of collapse for the past year. People often struggle to find food, medicine, and other essential goods.
If socialism is better than capitalism then all the socialists should get together and redistribute their properties fairly among themselves. But that has never happened, lol. As Winston Churchill once said, “Socialism is the philosophy of failure, the creed of ignorance, and the gospel of envy. Its inherent virtue is the equal sharing of misery.”
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Random Useless Fact:
Eating healthy can cost more money
You need to understand millenials don’t view socialism through an antiquated lens of Soviet Russia or China. They are looking at modern day examples like Canada or Scandinavian countries. People want healthcare for all citizens, equality, and a livable wage. Shame on those millenials for not wanting rich white guys to get whatever they want forever!
Those are the things the people of Venezuela wanted as well. As Liquid said, at some point you run out of other peoples’ money. And what’s with the racism? I’m not white (but I am rich). Throwing in the rich white guy slur is uncalled for.
It’s not racist nor uncalled for; it’s far more fact than fiction. The white males of the world own the most assets and earn the most money. The easiest path to wealth is to be WHAM — White Heterosexual American Male. Any other combo and you’ll face much greater barriers to entry.
Working at a fast food restaurant is not a Career and NEVER was meant to be. I know far to many people who think it is and that they should be paid a livable wage for that job. Those jobs were meant to be starter jobs and jobs for kids. If you want to work in a kids job for the rest of your life… You should get paid like a kid.
You’re living in some delusional utopia, you think Lenin told his followers that there will be massive bloodshed under his system? of course not, he sold them rainbows and unicorns. A pure socialist country doesn’t work because of government meddling and corruption and of course lazy people who will never pull their weight but gain equal outcome.
I agree with the millennials, Brad. I also want people to have affordable healthcare, and living wages. I just believe there are better ways to achieve those means than utilizing an agency which has a monopoly on the use of force.
Yeah, Liquid, as Brad said, “You need to understand!” LOL
Brad, you need to understand who has been footing the bill for most of these desired countries for much of their spending, largely their defense spending. It is pretty easy to get buy in from your citizens for socialist values when you have a much, much smaller population than the U.S., way less diversity in almost all categories, and your back is protected by the strongest military in the world – for free!
So true. The U.S. covers about 75% of the entire of cost of the military aspect of NATO. This isn’t a bipartisan issue. Even left leaning politicians like Bernie Sanders believes in his own words that, “countries of Europe should pick up more of the burden for their defense.”
What a dumb poll. There are no socialist or capitalist countries. Only countries that exist somewhere on the spectrum. At what point would you call the U.S. a socialist country? We have a social security pensions system, medical care for the elderly and for kids, unemployment insurance to pay people without a job, disability insurance for those unable to work, subsidies and price supports for food, housing subsidies for the poor, tax breaks if you had children, and even subsidies for regular old healthcare. Do you really think of the U.S. as a free market economy? At what point do we cross the brink and become “socialist” in your view? The problem with Venezuela isn’t that it is socialist. It’s that it’s poorly managed and has an non-diversified economy that depends too much on oil. They have had huge inflation run-ups with every drop in oil prices over the decades. One country doesn’t prove a point. I could just as easily point to Somalia and say, “Look at what a failure the capitalist system is! The theory of a free market economy has truly failed!” It’s a disingenuous argument. And I don’t understand the line that you “run out of… Read more »