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Why Do Millennials Seem to Love Socialism?

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Despite having lived through the tail end of the Cold War, and having grown up during the hey day of American capitalism, Millennials seem to have some romantic idea about socialism/communism. Andrew Clark, writing at The Wall Street Journal, explains the relationship between Millennials and command economics.

Millennials are one of history’s luckiest generations. We were fortunate to be born around the end of the Cold War a quarter century ago, when the tyrannical Communism embodied in the Soviet Union came tumbling down, also knocking socialism down a few pegs along the way. We have grown up in a world where, for the most part, economic and personal freedom are the rule rather than exception.

And apparently we hate it. How else does one explain why so many millennials seem to long to live in government-run economies, or worse?

A Gallup poll in June 2015 found that almost 70% of U.S. millennials would be willing to vote for a socialist presidential candidate. Even more shocking, a poll conducted before this year’s presidential election by the Victims of Communism Memorial Foundation found that barely half of millennials believe “Communism was or is a problem.”

Read more here.

Millennials can’t distinguish Democrats, socialists

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.