Bernie Sanders Rally in Los Angeles

from Millennials heed the siren call of socialism by Joel Kotkin at Orange County Register

The biggest and most important development has been the massive support among the new generation of voters for Vermont Sen. Bernie Sanders and his open embrace of socialism. In Iowa’s Democratic caucuses, which ended with Clinton and Sanders in a virtual tie, young people opted for Sanders at an almost inconceivable rate of 84-14. In 2008, Barack Obama won this segment, claiming only a 57 percent majority.

So we are seeing the embrace of an openly socialist septuagenarian by a generation that, within a decade, will dominate our electorate and outnumber baby boomers as soon as 2020. That should put more conventional politicians, and business, on notice. Whether you are a Republican, a free-marketer or, even a Democratic-leaning crony capitalist, be afraid – be very afraid.

For the first time since labor leader and presidential candidate Eugene Debs in the early 20th century, Americans are flocking in big numbers to a politician who rejects the efficacy of capitalism and seeks to create a new, notionally fairer, system. Now, as then, the reason to support socialist ideas – some of which were implemented during the New Deal – lies with the palpable failures of capitalism. Polls of millennials show consistently that economic issues, such as jobs and college debt, are their dominant concerns.

The new generation’s lurch toward socialism would have been unimaginable at any previous moment in the past half century. A recent yougov.com poll found some 36 percent of people ages 18-29 favor socialism compared with barely 39 percent support for capitalism. Support for socialism drops precipitously, to 26 percent, among people ages 30-44, tumbles to 24 percent support among those ages 45 to 64 and hits 15 percent among those over 65.

print