Here’s Why Millennials Hate Capitalism and Love Socialism

Posted on Mon 03/05/2018 by


Millennials might like capitalism if they knew what the word meant 

By The Millennial Merit ~

To many in this young generation, capitalism is a dirty word. If you were to ask a sample of millennials how they felt about it, a shocking number might identify themselves as anything other than capitalist.

Indeed, this is exactly what a 2017 report by YouGov found, as the investigation into millennial attitudes discovered that 51% of Americans aged between 21 and 29 would rather live in a socialist or communist society.

It seems that even those living in the richest and most capitalist country on earth have found themselves discontent with the idea that a person’s free will extends to their belongings.

But is capitalism really to blame? That same study also found that only ‘half of millennials’ could ‘correctly define’ the term. So maybe millennials might like capitalism if they knew what the word meant.

Despite 51% of them wanting to live in a socialist or communist country, the truth is that millennials wouldn’t really be happier under the thumb of either society. The fading memory of Soviet-era communism in the years after 1991 has allowed a certain kind of romanticism to bloom, one that is especially able to take hold in the minds of those who didn’t experience the fall of the Berlin Wall.

The younger generation’s flirtatious attitude towards communism and socialism stems from ignorance, and for those who are historically literate, it becomes easy to say that the Soviet Union and countries like Venezuela didn’t and aren’t practising ‘true socialism.’

When only an ideology exists and apparently no present examples, any proponent of said ideology can use the defence of, ‘it hasn’t been done yet.’But after hundreds of thousands to millions of years of human existence on this earth, if something hasn’t been done yet—and not due to technological limitations—than it probably isn’t very good to begin with.

The problem with millennials isn’t that they’re budding socialists or communists, but that they’re idealistic enough to fall into the trap of believing people like …

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Here’s Why Millennials Hate Capitalism and Love Socialism

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The Millennial Merit