Government policies limit millennials’ prosperity, Harvard economist Edward Glaeser argues. Will they realize more of the same isn’t the answer?
Fifty percent of adults under 38 told the Harris Poll last year that they would “prefer living in a socialist country.”
That’s stunning, but here’s an interesting explanation why young people are thinking that something their parents abhor is preferable to capitalism.
One theory is that liberal college professors have corrupted the youngsters. Or, according to the article, “Critics often blame today’s socialist surge on millennials’ laziness.” I’m tempted to add a third, not included in the article: They don’t know what they’re talking about.
But this article has a different take: The economic and social system constructed by Boomers and other oldsters are designed to protect their interests, making it more difficult for the youngsters to realize their potential. In other words, us oldsters have frozen out the youngsters.
A fascinating theory with a lot of credibility in my opinion. Great for discussion.
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