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A Majority Of Millennials Now Reject Capitalism, Poll Shows (washingtonpost.com)
A new poll shows that a majority of young people do not support capitalism. The study was conducted by Harvard University, which polled young adults ages 18-29. It found that 51 percent of those polled rejected capitalism, that is to say, they did not support it. Only 42 percent said they support capitalism -- there was a margin of error of 2.4 percentage points. When asked what alternative system they would prefer, there wasn't a clear winner. Just 33 percent said they supported socialism. When talking about politics or economics, it can get complicated and the poll does little to shed light on what parts of capitalism young people dislike or what parts of socialism young people like. It does appear to suggest young people are frustrated with the status quo and are more focused on the flaws of free markets.
Good
The Cultural Marxist Subversion of the Free World has resulted in weaponized zombies who prefer Big State authoritarianism and Central Planning over voluntary exchange for mutual benefit (the 'Free Market' - "capitalism" is the World the Marxists use for the Free Market). The nice thing is reality can only be defied for a short time, and those zombies will reap what they sew. And for all the sane people out there, buckle up, it's going to get rough as the Collectivist-Islamist Axis spins up to full speed.
All of a sudden, they will 'support capitalism', whatever that even means.
Religion is what happens when nature strikes and groupthink goes wrong.
People only see and evaluate their experiences; what they have lived. If you put these same college students into another system for a couple months they might change their tune.
All it takes is a trip to Eastern Europe for any American to realize their world is pretty darn good. But given modern politics we might have to bring the Post-Soviet style problems to America firsthand before they can realize the situation.
The ability to invest in yourself so you can produce more is good. I like the free spirit of working in what business you want. Capitalism doesn't have as much waste as another system where everyone gets rationing they may or may not want. Where Capitalism falls short is if you can't get a job at all or can't start your own business. There is no sympathy for those who can't do well. There is no cushion for rock bottom other than hopefully a supportive family. Fix that while also having people still want to work dirty jobs, and you're on to something.
God spoke to me
Millennials want other people to work while they get free stuff and can sit around all day, smoke pot, and play video games. Get real jobs you lazy bastards.
Where than can take it in turns to act as a sort of executive officer for the week.
But all the decision of that officer have to be ratified at a special biweekly meeting.
By a simple majority in the case of purely internal affairs,-- but by a two-thirds majority in the case of more--
If the cold war hadn't happened, I'm sure most other generations would reject capitalism too since they are mostly made up of poor(er) people.
But years ago, if you rejected capitalism you were effectively siding communism and socialism, which are both the devil!
A majority of American millennials, without even the most basic political culture after decades of disinformation, propaganda, christian fanaticism infecting the schools, and a strong focus on technical skills to create generations of workers, surprisingly don't know what they are talking about when asked basic economics and politics questions.
News at sunset.
At a guess I would imagine the part where they don't get a job, can never buy a house, have a huge student debt loaded on them before they start their careers, and if they say anything bad about their situation, get called greedy and lazy by the people who have rigged the system to ensure they and their privaledged offspring own everything.
This probably means that a majority of them don't know what capitalism is. Their college professors taught them it was cronyism, fascism, patriarchy, etc., and K-12 probably didn't put it in a good light either. They're ripe with the kind of cognitive dissonance that buys a Che Guevera T-shirt from a vendor and doesn't put 2+2 together.
For all intensive purposes, "whom" is no longer a word. That begs the question, "who cares"?
The rich are winning. They get rich through the use of capital. They bribe the communist government to pass laws making it too expensive for the poor to raise capital, thereby relieving the rich from competition. The rich pass on the costs they pay to their customers, the poor, so the poor are prevented from becoming rich and pay the rich's costs. They vote for the communists who pass these laws, proving they're not poor, they're stupid. Or in today's context, young.
I can see the reasoning behind it. Think about it. 20-30 years ago making a home for yourself to raise your family in was relatively easy, rents were dirtcheap all was cool. Fast forward handful of years, human population skyrockets and prices and licenses you need to build a home skyrocket as well. I work a decent job, I make software and I have a steady income. People may call it a white collar job. I drive a BMW E60 but in my region, with my current income, I'll never be able to buy or build a house unless I get a loan from the bank and pay it for the rest of my life. Or unless I make the next facebook. But seeing how google failed at it I don't think I can :) Rents ... don't let me even get started. The idea of loaning to the bank seems actually better than paying a rent for a decent place in my region. The rents in my region are twice the minimal wage in the country. For decent places, not luxurious. That's why people start to hate on capitalism and instead look for another system. I'm ambivalent, I'll do what's necessary to survive regardless of governing system. Regimes change all the time anyway.
And how is "capitalism" defined?
I am a ancap/libertarian and even I dont support capitalism as defined by many people...
For those who actually prefer Venezuela, Sovjet union, north korea and so on, please move to paradise.
> Now the USA is the country of communists
I don't think you understand basic economics if you think "people" have "switched sides". Please spare us your wild eyed rants against *spins wheel* Communism. Just because you have some fetish for talking about it, doesn't make the system relevant. Idiotic.
Adam Smith was never writing about what's called the "free market". He envisioned small-scale peer-to-peer reputation-driven interaction, not what we have.
We need to stop calling Wall Street crony-ism a free market. It's a rigged market working for a few. How many of you out there have chance to not be haggled down to the very minimum that can be paid? How many people are routinely being awarded bonuses, and are they really contributing that level of worth to society? There you have it - resources divided not by merit, but by political and economic clout.
In other words, we have an unjust power differential, the same problem with the state-collectivized system that we refer to as socialism, but there are very different types of socialism out there and they don't all work like the totalitarian state-collective system of Stalin and Mao. Kerala's example of "land to the tiller" redistributes private ownership to guarantee ownership of the minimum tools and resources necessary to be self-sufficient. European social democracy may have problems, but many of those countries do have a stronger middle class and take for granted people in the USA only wish for. Again, the term is glossing over a lot and leaving key pieces out of the USA's public discourse, quite to the advantage of the ownership class who would keep anything demonized that would loosen their chokehold on the nation's wealth.
The key differences in any society, if you were to ask me, are the levels of equality in distribution, and representation in policy, and of accountability - meaning that corrupt officials and representatives who listen to lobbyists instead of constituents would get kicked out of office. Equality, representation, accountability - not capitalism versus socialism.
In those terms, people don't get hung up over whether government is big or small but whether it's in the public interest. Oligarchy in the form of Wall Street or a Communist party gets identified as oligarchy whatever the label. We remember that the real deal is that the people are in charge and can stop their government from going out of control.
So please, let's start talking in actual useful terms instead of red herrings.
I sincerely hope Sanders runs as an independent. It's the only way he could underline his life-long work to promote actual democracy. Even if it would mean the Democrats/Independent losing to Trump, it would still be a service to democracy and might even serve as the foundation of a third party in the future.
The invisible hand does not exist, that is why capitalism has so many problems. Adam Smith got it wrong. The younger generations are screwed. There is no longer a decent path to paid insurance at a nice company with a nice salary. H1B visa holders own those jobs now. I work at a tech company in California. A billion dollar software company, a household name. Several managers from India (located in CA) were telling external recruiters they only wanted resumes of other workers from India. They did this for years. The major qualification was someone who once came from India so we ended up with a lot of technicians who knew nothing about our products and many with very little coding skills. They took almost all the new jobs over time. I checked around and other major tech companies almost all have this problem. Why do managers from India break the rules of companies committed to be equal opportunity employers? If you look at your organization chart at your tech company I bet you notice quickly that Indian managers and executives have tricked HR and managed to hire only other people from India or of Indian descent. At worst I suspect they are racist and believe the blacks, latinos, chinese and caucasian people are inferior. At best they are just hiring their friends, be an interesting study to find out what is going on. However, it is already too late, the young people of this country are screwed.
Only 42 percent said they support capitalism -- there was a margin of error of 2.4 percentage points. When asked what alternative system they would prefer, there wasn't a clear winner. Just 33 percent said they supported socialism.
Of course there wasn't a clear winner, they are rejecting what the schools and media have told them to reject, but frankly most of them have no bloody idea what they are talking about.
It's ok, they'll grow up and learn.
In my experience dealing with anyone under 30 years old, most of them have absolutely no idea how the economy works, how money works, what the difference between capital investment and expenses are, and so on. What it takes to turn raw materials into a $2 cheeseburger is completely lost on anyone who hasn't actually studied it.
Fucking morons can be led to believe anything.
In other news, economics, a subject so utterly close to most people's lives that they seek to have strong opinion on the matter whether they know anything about it or not, is still the least taught subject in any school system the world over.
That's because "Socialism" isn't an alternative to Capitalism. Socialism is high taxes, capitalism is relying on the exchange of money for the private ownership of goods and services. The two, obviously, have absolutely no venn diagram where the two are mutually exclusive. In fact, socialism as a Venn Diagram is contained entirely within "Capitalism", you literally can't have socialism without it because otherwise you'd have "true" communism and thus no money and nothing to tax.
But capitalism has become so overused as a word that people just think it's vaguely associated with "selfishness" or something about "bootstraps" and couldn't actually give a clear definition of it if their life depended on it. So the article headline is both valid and total bullshit, it makes sense but is so vague it doesn't tell you a whole lot. It should read "young people dislike vague notion of selfishness and greed, can't agree if there's something better". Which, really, there obviously needs to be a better word for that other than one that is still used for other things and means something completely different.
Come and see the violence inherent in the system!
Please remain calm, there is no reason to pani... wait, where are you all going?
What's the difference? I don't care whether the superpowers are called USA or Soviet Union or Hewlett-Packard, Gazprom, Google or Monsanto.
They'll always strive to control individuals, suppress individual freedom and blatantly lie whenever it's convenient. They will collude whenever necessary, without any scruples towards the ideologies they preach -- those ideologies are just instruments to control *us*, after all. Not to control themselves. Capitalism == Communism. It's just about making the powerful even more so.
Ah yes. Because pure democracy is utopia. Should 51 percent of the population vote to rape you and your mother each day, it's righteous.
It says to me that the majority of Millennials know something is wrong, but they have no idea what that something is or how to fix it. So they blame the very first thing they can think of. I think information overload is partially to blame - it is creating a lot of individuals who now think they are experts on complex subjects because they read a few factoids about it online somewhere.
BeauHD. Worst editor since kdawson.
Actually, don't vote for trump...support Elizabeth Warren she understands that the invisible hand of capitalism does not exist and that is why capitalism has so many problems. The younger generations are screwed. There is no longer a decent path to paid insurance at a nice company with a nice salary. H1B visa holders own those jobs now. I work at a tech company in California. A billion dollar software company, a household name. Several managers from India (located in CA) were telling external recruiters they only wanted resumes of other workers from India. They did this for years. The major qualification was someone who once came from India so we ended up with a lot of technicians who knew nothing about our products and many with very little coding skills. They took almost all the new jobs over time. I checked around and other major tech companies almost all have this problem. Why do managers from India break the rules of companies committed to be equal opportunity employers? If you look at your organization chart at your tech company I bet you notice quickly that Indian managers and executives have tricked HR and managed to hire only other people from India or of Indian descent. At worst I suspect they are racist and believe the blacks, latinos, chinese and caucasian people are inferior. At best they are just hiring their friends, be an interesting study to find out what is going on. However, it is already too late, the young people of this country are screwed.
The pundits have weighed in with their disdain for uninformed millennials - but don't seem to grasp the basic question their generation is confronted with - how does unbounded inequality lead to equality of opportunity? - a central paradox at the heart of Capitalism.
The reward/optimisation function in capitalism is greed - why act surprised when the end-game is inevitably an oligopoly? All this yada yada about crony capitalism is just a facile rationalisation from people who are unable to provide a clear-cut answer to this simple paradox inherent in a capitalist system. Millennials are seeing through this - and they are seeing through the fact that most ideologically driven systems that fail to take real-world evidence into account, inevitably lead to injustice.
Capitalism can mean different things to different people, and the newest generation of voters is frustrated with the status quo, broadly speaking.
can you blame them?
* the two party political system is really just one party with caveats
* their voice in the election has been snuffed out by super delegates
* laws are purchased via bribes aka "campaign donations"
* billions are being funneled into government defense contracts that we don't need
* taxes are being used to subsidise the fossil fuel companies that are destroying the planet
* they are being enslaved by hoisting debt on them before they even get out of college
* a whole lot of bankers just stomped on the global economy and were then bailed out of a problem they created
* multibillion dollar companies dodging paying billions in taxes
* H-1B fellows are being used to replace them in the workforce
* 0.01% of the population has 40% of the total wealth
this isn't a favorable outcome for anyone but aging psychopaths, so it's understandable that they are unhappy.
Anons need not reply. Questions end with a question mark.
No wonder - its the young people who get fucked over the most. In London UK younger generation has practically no chances of ever owning their own home for example.
The last war and/or global economy crisis that truely leveled the playing field is roughly 70 years - two full generations - ago. The market is completely staked out and capital sucktion is rampant. For millenials the game has been rigged from the beginning.
The efficiency of capitalism as we now it continues to decline. Any millenial feels this instictively. To be honest, I have grown more sceptical myself throughout the decades.
To anybody with a brain to think capitalism as we know it has run it's course. When even billionaires, or especially them, start calling it out, you can be sure that your strange feeling somethings wrong is spot on.
My 0.02 Euros.
We suffer more in our imagination than in reality. - Seneca
Unfortunately true.
I can't wait until they get to experience for themselves the alternatives. Let's put the workers in charge of the country. I can imagine the conversations now: Clem and Tyrone discussing the future of hipsters like Breah and Sebastian. Because that's what happens when you put the workers in charge. Real revolution, real change! You won't get university Marxists making decisions, it's going to be Britney and Tawanna deciding how to best utilize society's resource in order to make their own lives better. NASCAR will have races twice a week and we will have publicly subsidized hair weaves for anyone who wants them. Avant-garde film festivals and dog-friendly restaurants? A waste of society's scarce resources. And scarce those resources will be, too. The future's so bright, we'll all have to wear shades.
Shutting down free speech with violence isn't fighting fascism. It IS fascism!
Maybe it's because I've been raised in what the Americans would call a 'socialist' country (Finland) but it always irks me to see capitalism and socialism thrown about as some sort of polar opposites, or capitalism in general being talked about as if it's some single clearly defined ideology.
There are many versions of capitalist economies, and some of them are socialistic. In fact, most all of them are that to a degree, as even the US has a large public sector. Capitalism at its core means nothing more or less than the private ownership of the means of production. If the question was framed "Do you support the right of individuals to own goods provided they pay their share of taxes on them?", the answers would look quite different I reckon.
So the problem is not capitalism as such, the problem is they paying of the fair share of taxes. Neo-liberalism and the fact that the US sliding to the right continuously for the past decades has created this tilted landscape in which gigantic corporations and massively rich individuals have been uplifted to a status in which they're quite openly above governments: bribery and outright buying of bills via lobbying has been made legal (and relatively cheap compared to the profits of these companies), taxes can be circumvented easily if you're wealthy, and megacorps are allowed to wreck havoc to the environment and cause global economic meltdowns without any risk of anyone facing any jail time or even significant fines. They're given fines which are slaps on the wrist compared to the kind of money they can make by continuing illegal operations. To them, it's just a cost of doing business, and the cycle repeats.
So is that capitalism? Well, yes, yes it is, but it's not the one and only true implementation of capitalism, in fact I'd argue it's one of the absolute worst implementations of it possible. It's a corporatocracy/plutocracy. And unless you happen to be one of the chosen few who actually benefits from such a system, there's no rational reason for anyone, on the right or on the left, to support such a model. Even a true conservative should realize that the government allowing legislation as well as elections to be sold to the highest bidder skews the market as it means whoever has the most cash can dictate the rules. That's not how a fair market is supposed to operate, regardless of what one thinks of socialist income redistribution policies.
The tittle would be more appropriately stated: "A majority of millenials now oppose free market/laissez-faire capitalism." And that's only a good thing.
"It is the business of the future to be dangerous" -Alfred North Whitehead
Vast majority of people also do not know what any of these things are at all.
Capitalism - private ownership and operation of property.
Free market - market free from government regulations, absence of income and wealth taxes.
Socialism - redistribution of wealth and income based on the politics of the mob, state control of the individual, partial central planning.
Fascism - redistribution of wealth and income based on the politics of an authoritarian party, state control of the individual, partial central planning.
Communism 1- state controlled means of production, central planning, absence of individual initiative or means of production.
Communism 2 (Marxism) - absence of state control, international socialism based on some ideal 'new consciousness'.
What the millenials are actually rejecting: current mix of fascism and communism 1.
What they are made believe they are rejecting: free market capitalism.
Ignorance may be bliss but eventually it kills you.
You can't handle the truth.
People who confuse consumption for wealth take on too much debt and never recover. Whether it's their own fault, the colleges, or the parents, the borrowing for country club high-consumption campuses screws people under age 21. They say they don't like capitalism because they fell for the borrow to consume trap. For capitalism to work, you can't start out with negative accrued interest, its simple economics.
Because if they say they support socialism, what is commonly called socialism in the USA is just the Keynesianist variant of capitalism. The last time "social democrats" were against capitalism was 100 years ago.
How will they ever know what Capitalism truly is if they continue to use Ad Blockers?
USB, USB, USB!
Yes. Government reduced pre-college schooling to worthless. It all but requires phony-bologna majors and programs that needlessly drive up the cost of college. It forced taking over loans so that they're given to people for purposes such that they can't repay them without further government intervention. It's restricted free competition such that all but the wheel-greasing corporations, at the beckon call of government and its henchmen, that you refer to are in a profitable position to pay what you might consider a decent wage. A wage which falsely inflated again due to the government itself.
Socialist at 20, Conservative at 30.
It's always been true and probably always will be.
"Ideas are more powerful than guns. We would not let our enemies have guns, why should we let them have ideas."
--Joseph Stalin
Everybody loves the capitalism where there are rich people, but there is also a wide middle class which has a good standard of living, spare time and future. Nobody likes capitalism where there are rich people and the largest group, the new "middle class", earns enough to pay the rent, food and cable TV, if they work 16 h/day in two jobs.
If you put the same college students in USA 1960 they also might change the tune. The capitalism society has changed in 50 years. From the reward of hard work to the winner takes it all. If you ask people that was forty years old in 1960 what do they think of current capitalism, I don't they'll praise it.
Years ago. The winner earned 10000, the second 7000, the third 8000... til the end. Only those who didn't want to play got nothing. The problem was that the winner had the right of writing the rules and terms of the next race. That led to where we are now The winner earns 10,000,000 then second 1000. And the rest get nothing.
There is little difference between hard working and not playing. Why should I want to play?
By the way, Russia is also a capitalist country. There is a total free market.
Are you saying the millennials not longer support buying expensive cars and homes if they can, or even Uber rides? They should move to Cuba.
If a 51 percent tyranny is an issue, shift it so 75 percent is the majority requirement, 90 percent is supermajority, and a 30-35 percent repeal vote allows a minority overthrow.
This isn't rocket science. The failing isn't democracy. The failing is the inability to evolve the voting standards to meet the expectations of the constituents.
If you've ever read any books on the Spanish Civil War, the CNT were seen by many (inc Orwell and Hemingway) as the "good guys" in the struggle against the fascist forces of Franco, Mussolini and that Austrian fuckwit.
And in the present day, with Spain ungovernable after widespread disillusionment over the socialists (PSOE) and conservatives (PP), perhaps both systems have had their day.
Millennials do not like to work or cannot find a job because they have no skills whatsoever. They're an entitled generation. A lost generation. It would be better for mankind if they could be exterminated and another generation raised in austerity, away from keyboards and stupid electronic toys and out in the open, under the sun.
It sure sounds great when a candidate runs on the platform of "free college education", "free money", and "Government will pay for everything"!
Millenials == cucks
any more questions?
Wow, your sweeping generalization of over 83 million people really makes you sound like an informed and thoughtful individual. Well, I'm sorry, you said a majority, so I'll say you've only broadly judged 41.5 million or so (in the US), to give you the benefit of the doubt. What's your sample size? Surely you've met with at least several million of them and discussed political and economic issues with them to form your opinion?
The 20th Century (1900-1990) proved that Communism doesn't work.
The 21s Century (roughly 1980-present) has been proving that Capitalism doesn't work either.
And don't give me that DuckSpeech about how it's all the fault of Big Bad Regulation. "nothink is crimethink" if you want DuckSpeech. The phrase "Nothing Succeeds like Success" tells you right there that, given the right growing conditions, the natural tendency of Capitalized business is to grow into monopoly and thereby destroy the very market that nurtured it. The idealized Free Market is only viable when not only are there not external constraints (rare enough), but also that the business itself doesn't require capital either to start (establish new competition) or succeed (leverage Economies of Scale to gain an advantage over competitors). Such things exist, though they are uncommon.
In short: Capitalism is NOT the same thing as Business. Capitalism is a way of starting and operating a business, but it's not the one and only way.
The problem is that in the case of both Communism and Capitalism, people who'd laugh at the concept of a "magic sky fairy" worship their respective economic gods with all the fervency of a high priest at the mouth of a volcano. Then proceed to annoy the rest of us, and (worse yet) write their religion into government.
But religions based on objectively disprovable tenets cannot sustain themselves in a "free market of ideas", which is why most of the fundamentalist religions gather themselves into sealed echo chambers. We're in the Information Age, and although you can easily find echo chambers online, in the media, and elsewhere, if you want to, it's also very easy to find alternative points of view. To discover the information that the priests and the prophets ignored, denounced, and denied. We've learned to look for the crumbling clay at the bases of our god statues and as a result, the old religions lose their potency.
How long would it take to divide people into flat-earthers vs round-earthers? I bet not long.
Did they ask resource based economy as option?
Yup. The Republican Communists. Marxists want the people to rise up and sieze the government and have the government control industry. The Republican Communists want the corporations to buy the government. The paths are different, but the end is the same, though Republican Communism isn't usually the name given, but fascism.
Learn to love Alaska
The only really defining attribute of Capitalism is private ownership of the means of production. But if the means of production is owned by a bunch of crony capitalist who are also able to control the political system, then the theoretical ability for individuals to own the means of production is meaningless. I have a theoretical chance of winning the lottery, but on an aggregate scale, that is not a solution to poverty. Capitalism thrives when the means of production are distributed among the population. This creates liquidity of labor, ideas and opportunity. Once a small bunch of people own everything, you can have Communism, Capitalism, Feudalism - whatever you want - and it still sucks for those who don't own any assets.
Our present system cannot survive in a democracy. You can see the political shift already starting. My concern is that instead of fixing up the systemic problems (tax loopholes, lack of efficient markets for land etc) there will be a big lurch to the left. What we need is to stop markets being manipulated, and re-calibrate the state so that it is only producing public goods and not acting as corporate welfare. Then leave people to get on with it. My fear is that we just bring in another central control system, and all the capitalist will have a magical epiphany overnight and wonder out the doors of their corporations and into the inner politburo.
A great deal of effort has been put into destroying any real understanding of freedom and of capitalism it both their own education and the education of their parents. Our "leaders" certainly don't act in accordance with any kind of free markets or much freedom anywhere. They don't act in accordance with our supposed "western values" either. So it would be absolutely shocking if the majority had anything nice to say about capitalism in any form.
It doesn't matter really, the only person I think has a chance as an independent is Trump.
But I think it's good that Bernie sticks around since Hillary may get kicked out on a technicality (email server, Benghazi, money to the Clinton Foundation from foreign countries etc.)
If builders built buildings the way programmers wrote programs, then the first woodpecker would destroy civilization.
The existing "single party system with caveats" is totally rigged against millennials. In fact it's totally rigged against everyone except a small elite, and that has made voting largely irrelevant in the US.
The millennials need a new political party to represent their interests, as the elites have no interest in them except as debt fodder. The time is right, as most have reached voting age. I bet that it wouldn't only be millennials who would vote for their party either. The US needs change.
Did they really expect their observation to show anything different? We're talking about millennials here. Y'know, that generation which expects everything to be handed to it on a plate. The same generation that won't get off its arse. An entitled generation that has no sense if cooperation or society. Takers.
Of course they shun capitalism. They have no capital. Socialism though... It'll give them everything they desire. Gratis.
Unless you can tell me none of them completed the survey on their iPhone or Macbook while wearing their designer jeans and sipping a caramel toffee nut soy milk latte frappaccino from Starbucks, I call bullshit. They don't reject capitalism, and they certainly don't reject the lifestyle capitalism gives them.
A majority of "millennials" probably couldn't find their ass with both hands, so I doubt they have a firm grasp of one of the most difficult questions on the planet in a five second survey.
Next up, does Crocodile Dundee favor the Nuclear Test Ban treaty?
Yeah, because capitalism is king, greed is good, the invisible hand of the free market is perfectly rational, George W Bush Jr and Ayn Rand said so so it must be true.
Capitalism IS flawed, and if it's not the system logic per se, it's the crooked greedy bastards who run most of it...that's why the trickle down economy is uber bullshit...go ask the 0.1% fuckers who run their shit in panama and the likes to evade tax and outsource/pollute everything in 2/3rd world countries. Fuck it.
A tyranny of the 51% is far from ideal, but have you ever tried getting 51% of any large group to agree on anything? A tyranny of 5% is far worse, and that's what you end up with in a capitalist plutocracy.
I am TheRaven on Soylent News
Capitalism has fuck all to do with free market. Capitalism is about how to use money to ensure that the market will *not* be free.
Liberalism is a mental disorder.
Hayek has a lot to answer for.
Furthermore, pure capitalism is leading to its own death because progress is undermining some of the basics of capitalist economy, such as scarcity. Capitalism works because money is valuable. Money is valuable because you can buy stuff with it. Stuff is valuable because there's not enough to cover demand. In a society where basic needs are covered essentially for free, money accumulation becomes much less important. In a society where basic and luxury needs are given for essentially free, money accumulation is way less interesting or compelling to anyone. This, in the short term, leads to a society with an inflated artificial demand. Did you not notice the amount of ads you are subjected to? Yeah, that's why. Of course this is only a temporary solution to a structural problem. Market forces will make sure ads are minimized, and this is something which has a marginal cost of zero, so it will eventually be free for all, which is exactly what is happening with adblockers, and adblocker-blocker blockers. After that, demand will collapse and eventually we will move towards an economy of abundance, not of scarcity. I don't know what that will look like, but certainly it won't be capitalism or communism.
My Stack Overflow user
Thank God they're collectively too stupid and lazy to do anything about it
To welcome our new robotic overlords. https://slashdot.org/journal/2...
Thankyou, Anonymous Serf.
It doesn't have to be "Communism" (or if you prefer it "Socialism") vs "Capitalism".
Human beings are endlessly inventive. We can create new kinds of socio-economic systems which improve upon anything we have seen before and are acceptable to the large majority of the population.
Maybe. I hope so.
Capitalism is not the answer to everything. Socialism is not the answer to everything. There are dysfunctional markets. There are dysfunctional public services. A perfect system is just as unlikely to exist as a perfect diet, it's going to be better in some ways and worse in others. Capitalism works great when there's a reasonable number of suppliers and customers with low switching costs and equivalent bargaining power. Very often the latter is not the case, it's a billion dollar company again you with entirely different resources and needs, the insurance company doesn't need you but you need insurance. One premise that most economic theory makes is that companies are suicidal. If two companies are competing, they'll lower prices and steal customers back and forth until prices are as low as they can be.
If you take that one step up and say "you know this'll hurt both my and your profits, we'll have to answer and it'll all be for naught in the end" then no. They're not going to rock the boat until someone that's not in on this silent understanding tries to take those profits away. That is why you often have industry standard terms, laws and technical restrictions that are very much in the customer's disfavor. Also there's a vast difference between having a public service and public employees, you can very well have garbage disposal as a public service and yet hire the people and the trucks.
Live today, because you never know what tomorrow brings
I agree... but it's also resembles someone pointing a finger at a suspect they believe started an argument, when they only showed up to see the last 3 seconds of a brawl.
This is pretty much all they know. The corporate and political corruption seems as if it's happening more and more, mostly due to the visibility inherited by the latest media and technology practices. The corruption has always been here, and companies have always made money from political decisions, but as of late it's been magnified as everyone would predict. It's not exactly capitalism that's the problem, but bad decisions in politics with no accountability. Capitalism WORKS, but you can't fight old fucks who have been serving life terms, making financial decisions and taking money from big corp. when they're about to retire.
Obviously they need to learn how it works, but blaming capitalism for corruption and failure is a different story than finding a single facet of capitalism that needs to be adjusted to overcome failure.
"Please, shut up. Just when I think you can't say anything more stupid, you speak again." -Archie Bunker.
I get it! From the title of that book he wrote! You're funny.
Watch Joseph Stiglitz's TED talk and try and understand why nobody with any sense is buying into Hayek's ideals any more - just the people seeking to gain and consolidate economic power.
I'd love to see those answers. And then ask if they support it.
And when that doesn't work, they trot out their kept woman Hillary to spout offensive garbage about 9/11.
And if anyone had asked the hippies what they though of capitalism in the 60s they would have gotten basically the same answer. Look where all (or at least most of) the hippies are now. Their generation gave us most of the ridiculous corporate welfare we have today. Nothing changes.
"Growing old is inevitable; growing up is optional."
Most millennials would define capitalism as "rich people getting richer and poor people getting poorer," which is not at all what capitalism is.
A new poll shows that a majority of young people do not support capitalism.
Are these the same iPhone using, Starbucks drinking, Nike wearing, Facebook posting, Amazon buying, Google searching young people? Give them time, they'll figure it out. Capitalism isn't what they think it is and the lifestyle they enjoy depends on it.
I think that 51% of people surveyed have no idea what capitalism is and have merely heard it used in the context of a political bogey-man. Even China, despite their official political stance is staunchly capitalist these days. Socialist countries like in Europe? They're capitalists too, just a different variety with a bit more government involvement. Socialism and capitalism are not mutually exclusive. Capitalism is any system based on private ownership of means of production with their operation for profit. That can come in a variety of flavors but its the engine that drives the worlds economy. Even in places that don't like to admit it.
Polls are a means of guiding and crafting public opinion.
People don't like capitalism if there is no safety net, it is stupid to take risks if failing means you become poor for the rest of your life. People love to try new things and be creative on their own and not be limited by their bosses opinions, but very few ever get to be in this situation. People don't like that capitalism limits you to your own successes and failures, especially when only 1% get to succeed and follow their creativity and dreams.
... Rejecting capitalism, between sips of Starbucks and Kombucha, listening to podcasts on their iPhone, wearing clothes covered in designer labels, and talking on chat apps about the latest movies and games.
Yup. Capitalism thoroughly rejected, because clearly it has done nothing good for anyone.
Sure, that's called socialism. Ultimately, I think capitalism needs to pragmatically move above its limitations. It generates monopolies -> put pressures into the economy to fight back against them.
The trouble is, socialism generates the worst thing ever seen -- single gigantic monopoly. Instead of companies that sometimes loose markets to new players, sometimes face fierce competition, sometimes go belly up because of internal stupidity and get replaced by many other competitors, etc you've got huge monopoly called Socialist Government. It decides what's better for you, but resources are always limited and then suddenly you wake up in USSR with "free healthcare", when free means you have to know right people and bribe them to get real treatment.
Single monopoly of Socialist Government on basic things is much, much worse that monopolies generated by capitalism. I don't understand people who are afraid of monopolies and yet welcome the worst possible monopoly...
How would anyone under the age of 110 or so know the flaws of free market capitalism? No one younger than that has experienced it in this country.
Greg Raven
As long as there's any left, I'll take mine first.
The following is my, not his, take. But my view is heavily influenced by his book. Please do read his book or at least the summaries and reviews.
He argues that like in any system, in Capitalism too, the current generation of winners will do everything possible to stay on top and make it difficult for others to dislodge them. Without a strong government to break up cartels, trusts, de facto monopolies, the current winners will take too much of the fruits of the economy, it will stagnate and it will be in dangers of sliding back to a feudal system. But government, powerful enough to break such large corporations is also a threat to the liberty of citizens. Government can end up as a weapon in the arsenal of the current winners. That is why democracy, that keeps the government is check is so important. Again, democracy too can end up as a weapon in the same arsenal too. If the democracy is so undermined the pressure will build up and the system of governance will break down in a revolution, the current winners will lose it all. So it is in the best interests of the current winners to lock in their gains, not to get too greedy, allow next generation of winners to come up in a level field. The winners are already very powerful with money and market share, they should not also try to usurp the government, in their own self interest.
sed -e 's/Chuck Norris/Rajnikant/g' joke > fact
Look, I love to harsh on millennials as much as anyone else, by this is just silly and gratuitous.
First, I'm as ardent a capitalist as they come, but the currently-rugged crony political/banker cabal is disgusting. I've never been more convinced that the only solution is something that will literally shatter what this has ossified into.
Second, millennials are young and naive; that's not a slight,, it's just a commentary that a lot of learning about this stuff comes from real world experience, certainly not the leftist sjw drivel that these kids are being indoctrinated with in college.
In short, this is pretty much just a hit piece for laughs. The millennials will "get it" eventually like we did, except insofar as someone in power finds their ignorance opportunistically useful...never waste a crisis, right?
-Styopa
because they think it doesn't support them.
The method has terrible warts. (Greed, robber barons, squandering resources, etc.)
It's probably the worst way to organize an economy.
Except for all the other ways, which make it look pretty good.
BTW,
They are wrong that it doesn't support them because the resources (food, shelter, entertainment) they are using came from it.
Milennials don't support Socialism. They support being given everything they want without having to work for it and expecting someone else to pay for it.
If you ask a Milennial "How will we pay for giving everyone free homes, cars, food, education, power, water, heat, lights, gasoline/electricity charging, massages or whatever else they decide they want today" the answer will either be "increase taxes on "the rich" (let someone else pay for it)" or "I don't know/that's a good question.".
I support the concept that every high school graduate should serve 2 years in the military. Make them understand what it means to work and give them a true sense of pride in the Country they are blessed to live in.
After this THEN they should be given a College Education. Then make them work for a small business owner for the exact same salary they earned in the military.
THEN they will see what the Military really deserves and what a small business owner has to deal with both the trials and the successes.
They will also learn that the only way to become a big business owner is to start as a small business owner and to work hard and earn your success.
Armaments, 2-9-21 And Saint Attila raised the hand grenade up on high, saying, 'O Lord, bless this Thy hand grenade' N
Hmmm, I wonder how many of these would be against Capitalism if it meant giving up their iPhone and their expensive coffee shop lattes to feed someone in Africa or even in their own backyards. I hope I live long enough to see the looks on their faces when their new masters put the "spread the wealth" plan into effect.
I think the words of Jubal Harshaw some up my position on Capitalism, Socialism and Communism quite nicely.
... if you don't have it, you'll freeze, if you let it reign freely, your house will burn down. If you harness its usefulness, you'll get light, heat and power ....
That's because they've been convinced that our current environment full of harmful economic interventions, tax policies, and perverted incentives instituted by the state represents "capitalism". The solution, of course, is more interventions from the state to temper "unbridled capitalism". It's a downward spiral from there.
Case in point- most progressives will tell you (and believe themselves) that, prior to the ACA/Obamacare, health care in the US was wildly unregulated, necessitating the wide sweeping legislation to fix it all. Smarter people understand that the industry has long been heavily regulated to the detriment of both providers and patients. Think CON laws, tax benefits for employer-provided health insurance, and laws against selling across state lines.
To this day, Maduro blames his country's economic collapse on "capitalists". It's astounding how so many people can still fail to see the forest for the trees.
The article switches between talking about "Americans" and "people" as if the two are synonyms. I've noticed a lot of Americans think like this. I assume that Americans are the proper scope for the survey. So it's Americans who are too young to remember the cold war who have this idea that capitalism's a bad thing.
It would matter if they voted. But they don't. So it doesn't.
If Slashdot were chemistry it would look like this:Cadaverine
When my generation was that age, circa 1968, we rejected capitalism even more vocally, with protests and riots rather than tweets. Now look at us.
when capitalism went global it turned third world nations in to slave-states while the first world nations keep losing jobs and what jobs remain are given to illegal aliens or immigrants on H1B, so yeah, globalized capitalism sucks, and whats worse is all that crap shipped around the world on HUGE container ships that are not regulated so they spew HUGE amounts of greenhouse gasses in to the air,
Politics is Treachery, Religion is Brainwashing
Yeah, one. Were you trying to write "cocks" or "kooks"? I'm trying to figure out what sort of insult you were trying to direct to those stupid "Millenials" ;)
"99 dead duelists of Dios on the wall. 99 dead duelists of Dios! Take one's ring, pass it around..."
Cucks as in cuckolds. Look it up and perhaps you'd learned something new about your wife's behavior.
If the the current corporatist, cronyism, central planning, big government economy is "capitalism", I'm opposed to it as well.
Capitalism cannot exist simultaneously with a Federal Reserve bank manipulating interest rates and the money supply. If we had true capitalism, a low interest rate would signal surplus saving. i.e. people foregoing current consumption for future consumption. That's the best time to engage in capital formation (aka "investment"). High interest rates would give the opposite signal, but would also have the effect of stimulating more saving.
Capitalism would NEVER produce the current situation where gargantuan levels of debt in the economy co-exist with near-zero interest rates. Only central planning could produce such insanity. Central planning is a failure here, and everywhere else it has ever been tried.
Capitalism is the worst way of organizing an economy: it creates inequality, causes people to be greedy, and punishes people for being not as smart as others.
That is, it is the worst way of organizing an economy except for all the others, which share all of the problems of capitalism and in addition impoverish and oppress people.
If they want businesses to be more agile with less red-tape and encumbant monopolies they need to register as Republicans then and vote for Trump.
Maybe they WOULD if they were TAUGHT that it was good. What do you expect them to say when they've been brainwashed by the very universities conducting the survey?
I see we've got the usual idiotic sycophants out in force about how great socialism is.
Yeah - it's so great that Venezuela, with one of the world's largest oil reserves, is rationing electricity!
Capitalism is liberty. Capitalism is the ability to live your life as you see fit without government and religious agents telling you how to live your life or, worse, what the BEST way to live your life MUST be.
Capitalism is for adults and socialism is for whining cry babies who want to stay at home and play XBox all day or write doctoral theses on how Martha Stewart has subverted feminism and conned women.
Those who give up liberty for security deserve neither.
And brother are you millenials running headlong into slavery.
"Free" IS part of the "technical" definition of capitalism. What part of INDIVIDUAL OWNERSHIP do you not understand?
In the vernacular, people try to impute all sorts of magical properties to socialism, giving it all sorts of religious morality and rightness and justice - It's embedded in its very definition "For the people". But who are the people, what is allowed? Why whatever your ur-quan masters tell you it is at that point in time. But at the end of the day it just means that YOU have no authority over yourself - You will be told what to eat and how to act and whom to serve by a very few guys. ALWAYS by just a very few guys.
And that's what capitalism is all about Charlie Brown.
They don't mind the benefits while they sit in judgement over a system that has enabled them to have their cushy little lives full of complaints!
The biggest problem with millenials is that they most likely don't fully understand what Capitalism acrually is and how it compares to socialism and communism. They simply parrot what they hear in the echo chamber that is the Internet.
In my opinion, capitalism is the only market form that works reasonably effective and ensures progress and freedom...
Capitalism absolutely does not protect individual freedoms and there are increasing examples of this. Just look at copyrights and patents to see how companies would like to severely restrict our freedom in order to make money. Other companies support laws to prevent grey imports so they can charge more in some countries than others etc. If individual freedom gets in the way of a company making more money then they are only too happy for us to lose it.
Capitalism works when companies are small in size because small companies need the same freedoms which individuals want in order to compete and they lack the resources to manipulate countries into passing favourable laws. However once you get huge companies they seem to switch (with a few exceptions) from innovation and growth to aggressively defending their existing wealth generation mechanisms by actively trying to restrict the innovation and freedoms of others. This is where capitalism fails although, like Winston Churchill said about democracy, it's the worst form of economic system except for all the others which have ever been tried.
The problem is they are a bunch of sheep that can't think for themselves. They have been brainwashed by constant propaganda feeding them this "global, local" nonsense.
political economies? Or either component field?
Sorry to be the anonymous coward troll, but somebody has to say it...
"Millenials" are (archaic short form of) adulterous wives? That's an... odd accusation to make.
"99 dead duelists of Dios on the wall. 99 dead duelists of Dios! Take one's ring, pass it around..."
"If you're not a liberal by the time you're 20 you have no heart. If you're not a conservative by the time you're 40 you have no brain."
That quote's thrown around a lot and often attributed to Winston Churchill although I doubt he said that. But the sentiment is true. I've always been a conservative because I started working in the government and government-related industries at a young age, and I've often converted my liberal friends in their 30's to conservatism with my stories from there.
I generally support liberal ideals; I don't care who marries who, I don't care what religion other people worship (or don't), and yeah I'd like a more level playing field for people economically speaking and yeah I'd like the environment to overall be a better, less polluted place. Generally most millennials and people in their 20s I think feel the same way. The problem isn't in the ideal, it's in the execution of it. Someone has to be the arbiter or the person or organization implementing that policy, and the answer to executing on most liberal ideals is some form of government; the theory seems to be that by removing profit from the equation you remove greed from the equation and therefore people will do things in a benign way to the benefit of humanity, and quite frankly in the entire history of human civilization that's never happened once. In fact, watching how the government operates is exactly what made me a conservative; with the exception of the uniformed services that require discipline, training, and enforce a culture of sorts (such as firemen, police, and military), generally the government sucks at doing anything well.
Which is why I like capitalism. Profit as a motivator results in two things: 1) the organization being driven to maximize profits is motivated to execute efficiently, and 2) if the economy is profit driven then the government can manipulate the economy cheaply to doing what it wants by affecting profits; it gives people a lever to drive social change. Want to increase employment? Alter the tax code so it affects profits positively to hire workers. Want to stop tax inversions and companies going overseas? Alter the tax code so it makes profitable sense for companies to on-shore operations. Want to increase healthcare coverage in the US? Alter the tax code to affect profits to ensure that classes of workers who don't get benefits now do. When you remove profit from the equation, then organizations and people become motivated by "other things" and all those other things are different from one organization to the next, so it becomes nearly impossible to execute some manipulation of society. With Capitalism people can go about making whatever choices they want, but what it gives the government or society the ability to do is to manipulate society so the most attractive choice is the one towards a specific aim; any other form of economic system forces people into a situation that they didn't choose for themselves.
So I'm fine with millennials hating capitalism. That's only because they lack experience. Their hearts are in the right place; give them 10 years in the workforce so they can see how things actually run and they'll be capitalists with a capital "C".
This isn't surprising since we don't have true capitalism now. If they are being told the current system is capitalism, its no wonder they reject it.
Sounds like a bit of butthurt after a good ol fashioned beating by the Antifa. You mad ... Bro? Shame you just couldn't get it off the ground both in atl and CA. Needed the cops to protect your pussy asses ... Now THAT is what I call cuckolding! :)
They live in the greatest country ever, and they reject it. Move to Cuba or China.
this is a statement on the poor state of education more than economics. we just don't educate well anymore. where do think the jobs come from?
nothing to see here - move along
Ask them what those millennials think of 'Economic freedom' and I predict you'll see very different percentages.
When are we going to stop calling the opposite of a state led economy as 'capitalism'?
It's a term coined by socialists for Pete's sake!
(posted from the socialist republic of the Netherlands)
One of the reasons people reject capitalism is that the GOP has twisted it away from it's true meaning.
For example - did you know that in true capitalism there are NO patents. Patents are a remnant of Mercantalism. (Google Queen Elizabeth and patents on COAL) Real capitalism has a competitive free market as a core principle, which leaves zero room for patents. They were pushed into the US version to encourage innovation.
A purer capitalism would either use a bounty system (think Darpa's challenges) or have a set royalty assigned inventors. Either of those would preserve the free market, unlike patents.
excitingthingstodo.blogspot.com
It's just like all the Millennials think they are some sort of socialist, right up until you play twenty questions with them and realize they are either some sort of libertarian or social liberal (classical liberal, not the low-calorie Nazis we have now) combined with chunks of conservatism.
R&D is not the only big ticket cost for drugs. Every drug put on the market for the last 20 years or so has been the subject of huge "bad drug" lawsuits--often quite dubious--with billions of dollars of settlements required. It's no wonder that pharma companies have to charge extra to fill those reserves to pay off the inevitable suits.
> A majority of "millennials" probably couldn't find their ass with both hands
Millenials 'started' in 1982. The oldest of them are 34 this year. Some of us have been out in industry for a decade and seen parts of the world.
Millennials reject capitalism, they don't have any capital! Wait a decade and see the attitudes change as millennials start having their student debts paid off and actually obtain some real wealth.
Good point!
I think "Corporatism" was a word invented recently to protest the corruption of Capitalism -- mainly popularized because the word sounds enough like Capitalism so it implies a twisted variant of it.
Perhaps Mercantilism is really what it's referred to, all along, though?
On the other hand, I'm not sure if Mercantilism encompassed other situations we have in government today, such as the Federal Reserve keeping a fiat currency afloat despite unsustainable debt? (I forget the exact percentages but I believe it was recently calculated that if government was able to seize ALL of the assets of every single billionaire in America today to put towards our national debt, it would only cover less than .3% of the total.) We truly are living in a system of "debt dollars" today, where the value of the currency is backed by nothing but faith that central government can keep up the charade a wihle longer.
If a majority of millennials actually *understood* capitalism. I suspect what they actually reject is cronyism, as capitalism gives them the phones they complain about things on and creates the startups they love so much. Most 'educated' generation, my eye. It is possible to have balance in a society, but binary in their thinking is another thing they are in spades.
Or at least have no clue what capitalism is. It has nothing to do with taxes / social programs. It's simply about who decides to open a burger joint - anyone who can come up with the "capital" or your local minister of food services. It is certainly possible to support regulations, or nationalization of specific industries like healthcare. But someone needs to tell millenials they are not getting their rose gold iPhone in a fully/mostly planned economy.
A young woman was about to finish her first year of college. Like so many others her age, she considered herself to be very liberal, and among other liberal ideals, was very much in favor of higher taxes to support more government programs, in other words redistribution of wealth. She was deeply ashamed that her father was a rather staunch conservative, a feeling she openly expressed. Based on the lectures that she had participated in, and the occasional chat with a professor, she felt that her father had for years harbored an evil, selfish desire to keep what he thought should be his. One day she was challenging her father on his opposition to higher taxes on the rich and the need for more government programs. The self-professed objectivity proclaimed by her professors had to be the truth and she indicated so to her father. He responded by asking how she was doing in school. Taken aback, she answered rather haughtily that she had a 4.0 GPA, and let him know that it was tough to maintain, insisting that she was taking a very difficult course load and was constantly studying, which left her no time to go out and party like other people she knew. She didn't even have time for a boyfriend, and didn't really have many college friends because she spent all her time studying. Her father listened and then asked, "How is your friend Audrey doing?" She replied, "Audrey is barely getting by. All she takes are easy classes, she never studies and she barely has a 2.0 GPA. She is so popular on campus; college for her is a blast. She's always invited to all the parties and lots of times she doesn't even show up for classes because she's too hung over." Her father asked his daughter, "Why don't you go to the Dean's office and ask him to deduct 1.0 off your GPA and give it to your friend who only has a 2.0. That way you will both have a 3.0 GPA and certainly that would be a fair and equal distribution of GPA." The daughter, visibly shocked by her father's suggestion, angrily fired back, "That's a crazy idea, how would that be fair! I've worked really hard for my grades! I've invested a lot of time, and a lot of hard work! Audrey has done next to nothing toward her degree. She played while I worked my tail off!" The father slowly smiled, winked and said gently, "Welcome to the conservative side of the fence."
majority of 3-6 year olds believe Santa is real
Crony capitalism is indistinguishable from socialism and totalitarianism.
People lose faith in a system that left them behind. Film at 11.
Capitalism, like socialism, or any "ism" really doesn't work in extremes as they are simply ideology, ideas.
In reality to work well and to prevent gaming the system, or run away events, the whole thing needs to be regulated, to have the checks and balances required to keep things running like a well oiled machine.
This regulation needs to come from a government that is responsible to its citizens, and that keep their best interests at heart.
That last one is where things have fallen apart in the last 30 years. Corporations inserted themselves into politics. They have been influencing regulation to benefit companies and corporations rather than individual citizens. Everything is rigged to be protectionist, everything is rigged to ensure the status quo, all scales tipped in their favor, and this has been going on like a snowball downhill for decades.
Is it any wonder we are where we are right now?
The solution of course, much like the debate about church and state, is to remove the corporate influence from the political systems. Doing so at this point will not be easy, as they are dug in like ticks feasting on a host. How is this to occur? No idea, the cards are certainly stacked against change.
Capitalism stands on self-organisation and enlightened self-interest. When there was the threat of the USSR, this kept greed and short-sightedness in check. In the aftermath of the Cold War, however, that is giving way to unrestrained self-interest. Competition is good to a point, but expending resources to compete rather than produce, and to alter one's strategy away from the overall common good is what is happening. I imagine game theorists saw it coming to a certain degree.
John_Chalisque
There's a new definition you don't quite get from Wikipedia bro.
All governments are monopolies -- on violence, if nothing else. The proper function of government is to address market failures. In some cases, this involves providing consumer information. In others, it means breaking up collusion. However, markets are not appropriate to solve all problems: there is such thing as a "natural monopoly". When competition is not desirable or possible, or when services are required to be universal, private ownership is equivalent to a private tax. Governments could be said to be the natural monopoly of natural monopolies, but that's getting a bit clever. In any case, while government monopoly may be a "last resort" necessity, there is no denying it that role: governments are monopolies by definition.
Those who advocate genocide deserve every protection afforded by law, and none afforded by common human decency.
Objectively the strongest markets in the world are those which are a mixed market of socialism and capitalism.
A partially regulated market (pretty much "no monolopy pls") with a decent welfare state to support people, decent healthcare for health and social care for the disabled.
These markets are generally also filled with more entrepreneurs than most countries because they can depend on the state in the initial startup phases, whereas most people without those benefits get turned down for loans to start up a company because they are seen as risky. All. the. time.
This pushes even more people away from wanting to create their own businesses.
Equally these countries have less petty and violent crimes. Lack of food is one of the biggest driving forces to crime. Money doesn't factor in to it, it always comes down to food. But in the western world, most people have no idea how to grow food, and sometimes even get penalized for it!
More to the point, they tend to have better overall health that isn't directly attributed to diet and activity alone. (similar countries with those related facets, yet the welfare is not there to fall back on when ill)
More people in work due to better health treatment, mental health especially. Being stuck in a job you are good at but HATE is a very common thing across the world. But some countries help people deal with this far better by teaching employees ways of managing their mental state, through stuff like yoga and meditation company-wide and country-wide.
A purely capitalist state tends to be filled with horrible inequality, horrible poverty, violence out the ass, and greed. See: America.
There is no millennial nonsense needed for this, anyone with half a brain knows this.
Pure capitalism is a cancer that ruined America at its very core.
But getting the upper classes to agree with this is just not going to happen. They have the power. Your votes don't even matter in the slightest.
They are basically "middle-government" tier, the areas of government no voter can touch. Presidents, Prime Ministers, they are all pawns to these people.
These people are greedy. They don't want their millions or even billions going to "poor trash".
They don't even have a single use for that money. They just want it because. That's it. No reason for it.
They get stuck in this mentality of wanting more and more to make up for the fact they have a shitty life with no goals but to get richer.
It worked perfectly in Greece and Venezuela.
Are we calling cronyist collusion between government and big banks "capitalism" now?
Imagine just for a moment:
- if the US gov't hadn't granted 3 bonding agencies the "US gov't backed seal of approval" making them the "official" information source on rating bond products
- if the US gov't hadn't deemed certain private firms "too big to fail"?
- if Goldman Sachs alumni weren't present at the highest levels of every Western country's financial governance?
Yeah, that's "free market capitalism", right?
-Styopa
Harvard is where they had those diversity place mats from last thanksgiving, pushed by SJW staff and students. https://www.boston.com/news/education/2015/12/17/harvard-apologizes-for-social-justice-placemats-offering-tips-on-talking-to-family-about-racism
It hilariously backfired on them, so I'm not surprised they're putting out more bogus info/polls with tiny sample sizes to misinform the public and further their SJW agenda.
Instead of asking about existing labeled economic systems, Harvard should have asked this question:
If you were king of the world, how would you distributed limited resources in a world with unlimited demand?
This "resource allocation" problem is non-trivial. Markets seem to be the only way to efficiently and equitably direct resources where they are most productive. Any other system requires policy makers to pick winners and losers - and history is full of examples of that going wrong.
Millennials may feel differently about planned economies when they are being taken from instead of being given to.
Millenials are promiscuous. They have sex first then trade names later when they are more familiar with each other.
The younger generation today is more informed. They have seen what has happened in the economy in the last 10-15 years. They have seen what has happened to their parents, families, with the effects of globalization(China), immigration, college debt, etc; They are no dummies.
How would any objective person expect them to react. They see now, very clearly, that "the game" is rigged. It has been going this way since the 1980's. Many spoke up about it, including the fantastic Bill Moyers.
If anyone had been paying attention, like Bill and others like him who had the courage and intelligence to document how the American middle class has been gamed, time and time again, they wouldn't be surprised AT ALL that Millenials are skeptical of what passes for "Capitalism" in the US.
We play the game with the bravery of being out of range
As a result the idea of personal responsibility and taking care of themselves still terrifies them, and the idea of government taking the place of mom and dad is very comforting. Once they grow up their preferences will change, there is nothing new here.
"They're not rejecting the concept," Della Volpe said. "The way in which capitalism is practiced today, in the minds of young people — that's what they're rejecting."
There is little doubt that the capitalism we now believe to have has led to increased rates of poverty and wealth consolidation. Indeed market economists can evolve into a sort of corporatist tyranny over time through mergers and acquisitions, ironically, reducing entrepreneurship and limited the options for small business ownership. Corporations are ironically only nominally free market, they would rather not have a market at all since competition is bad for profit margins. The abuses of corporatism is being exploited by communists to sell their agenda to young people who basically dont know better. It is absurd because communism is a broken ideology that will lead more towards tyrannical government control of things which would be even worse for individual rights than we now have. Marx correctly identifies several concerns but he uses that to push an agenda that is unworkable in reality. Communism, like atheism are little more than religions.
What we really need is to return to small business capitalism rather than communism, where average people own their own businesses, especially in the retail jobs which ironically are most adept at taking away many ownership opportunities.
Many groups are being heavily manipulated with economics and economic concern. They are told that what we have now is capitalism, and they seem themselves unable to get a break and unable to move out of parents basement. Since communism is toted as the opposite, they are drawn to it as an atlernative to what is not working. Part of the problem is that they are stuck between these two alternatives, none which work well. Ignored is another way which is small business capitalism. The promises of economic utopia can be used to undermine individual liberty and initiative, which can be important, ironically, for a healthy and innovative economy. Both millenials and foreign aliens, both democrat voting blocks, seem heavily influencable into supporting shrinking individual liberty in exchange for, not really even prosperity, but instead for "equality" or something like that. It is true that severe inequality is bad but having some equality is good. I do agree that even people in the least skilled jobs should be able to earn enough to cover their basic needs. The corporatists, associated with free market, give the free market a bad name by their shills showing little concern for the poverty that exists. It is important to offer solutions to this that does not involve communist ideas or growing government.
The democratic party has attempted to use charges of racism as well to basically cover up the fact that the corporations that have run the party have damaged working people. This is a red herring. Studies have shown that in fact whites are being severely harmed by offshoring and immigration and actually whites have lower average incomes than many immigrant groups, such as Indians, as Indian immigrants are stealing jobs from the american worker. Then you have millenials that want to be fashionable and politically correct who vote for a party that actually wants to bring in foreign aliens to steal their jobs and drive down their wages. This is why the millenial mentality is an unhealthy response, basically, its a suicidal generation, one that covers themselves with tattoos, destroys their hair, mutilates themselves and supports policies that are destroying their very own country by floooding it with third world riff raff, and then they whine about not being able to find a job. A good first start is not giving your jobs away to third world invaders and not tattooing yourself.
I do not believe the outcome of any of this will be communism as many are told to believe of it but something like China, which is a combination of totalitarian statism and corporatism. This is why many corporations dont have a huge problem with funding democrats with their sympathies to communism, they know the outcome will mean further enslavement of the worker and a further loss of individual rights, which suits them fine.
The result of communism an
Is that a poe ? No most probably the rejection comes from the excess of capitalism and very obvious inequalities which make no direction to be reverted, rather than anything else. Not about cultural amrxist whatever boogy men from the 50ies maccarthysm era.
C. Sagan : A demon haunted world:
http://www.amazon.com/gp/product/0345409469/
visit randi.org
I'm an Xer, and I know many millenials. I also know that the world they(you) grew up in is much different than the one I grew up in.
I know Millenials face much, much, much more pressure than my generation did. Its not even close.
You can safely ignore dipshits like the guy you replied to.
He is the one trying to find his ass.
We play the game with the bravery of being out of range
If it has anything to do with Marxism, it's because we are currently living in a situation where capitalism looks a lot like Marxism, so it's hard to say one is better than the other.
Capitalism only makes sense if you have free markets. Without free markets, private ownership of industry is virtually indistinguishable the king or the state owning industry. Capitalism==feudalism==communism. All of the usual virtues that we normally talk about in the context of economic success (hard work, intelligence, inspiration, etc) have little bearing on the situation. What really matters is whether or not you recognized those values as worthless and saw what really matters: gaming the system though inheritance, bribery, theft, clan/party-membership or whatever. And of course, the main reason to game the system, is to prevent a free market from emerging!
Look at some of the things that you hate the most. See any monopolies? See any byzantine legal frameworks? See any immortal business owners? Any chance, that even if you were a genius badass motherfucker, you would be able to enter into competition with the established players?
So of course who-owns-it is irrelevant and it's hard to get excited about capitalism, because all the advantages that would have arisen under Adam Smith's vision, are denied to everyone anyway. It's already centrally planned so why would you care whether the planners are a group of VCs, or a king's court, or the Soviet central committee? Corruption makes them all look the same to anyone coming from a free market perspective.
Now granted, not the entire economy is like that, but a lot of it is, and especially some of its most visible parts. You're reading this thanks to your ISP, for example, and if you're American, you know that ISPs have *cough* transcended free markets. And many people are reading this on a computer where it's against the law to modify how they're reading it, and maybe it's illegal to maintain the hardware too. Anti-free-market forces and mechanisms are so ubiquitous that many people barely even notice them anymore (and don't normally describe their intent as "prevent a free market from happening"), but your don't fail to notice how much so many things suck by law. As long as you don't honestly ask yourself "Is this really capitalism?" (in the sense that someone 250 years ago would recognize) then it's easy to conclude: capitalism sucks.
"Believe me!" -- Donald Trump
I guess the millennials haven't figured out how to vote yet. we are protected
What we have is corporatism, not capitalism.
I think the better term for this is Mercantilism, which is pretty much what Adam Smith argued against in The Wealth of Nations. The government makes laws & regulations which appear to be for the purpose of protecting consumers, but actually make it more difficult for other actors to enter the market, thereby reducing freedom of economic choices.
The problem is a lot worse than simply government corruption in support of the corporate status quo. Look to the minimum wage laws put in place by governments in LA, San Fran, Chicago and San Jose. The unions(nominally the little guy) lobbied hard to raise minimum wage and the government listened. The unions then lobbied hard to make exceptions to the minimum wage for union employees. So now the unions are nominally the ones lobbying hard to see their own people paid less than minimum wage. Why do that? It means more unionized work places because businesses will now get to lower wages by going through the union.
The overall problem is that all the rights we fight to gain for workers don't just help workers, they can also hinder employers. All too often, the smallest employers are hit the hardest by this too, meaning it makes it harder to start your own business and get out of the worker pool.
As Adam Smith warned us about in his seven books, the chief enemy of Capitalism is Mercantalism, which is the system we live in today.
Try reading all of his Wealth of Nations books, not just snippets on a far right website.
-- Tigger warning: This post may contain tiggers! --
I am 71 and I think capitalism sucks bilge water.
Technically (based on "Age of 18 in the year 2000") I'm Schrödinger's generation. Generation X or Millennial (Gen Y) depending on what the issue is.
My class was the first one that was pushed heavily to college (And the first year my high school started tracking the "Goes to college" metric). A lot of my class would have been better off in a trade school. The good news is 15 years later most of them have shaken out into their place in society. Some went for a degree that was employable. Some did end up in the trades.
At the same time I lack a lot of empathy for those that entered college after 2008 and picked an unemployable major. My college's career services department has been publishing salary and graduation numbers going back to ~2004. An 18 year old should be able to understand that 4 years, 100k of debt for a job that doesn't quite make $25k mean should be a no brainer question. I went for engineering, my wife went for Medicine. We both did end up with good jobs but we both realized that ages ago.
The issues raised seem to ignore a large amount of socioeconomic backgrounds as well. My wife and I both received 'government assistance' at some point in our lives even with our parents busting ass at a slave labor jobs. It made us want better... at the same time a lot of our 'richer' peers, the ones with the latest NES game or dirt bike, did go to college and get something worth the paper it was written on. They did buy into the fallacy of 'do what you like and the money will follow', and perhaps took it a bit too literally. I have a friend from that is a daughter of a multi-millionare. The most difficult thing she's ever experienced in her life is her parents moved while she was in college. Never had a family member die from lack of health care. Never had to worry about where the next meal was coming from. Never had to consider that saltines and scrambled eggs was a meal. It's funny watching all these 'frugal' blogs come up with novel ways to save money or live cheaply and my wife and I look at each other and go "This isn't normal"?
Likewise parenting plays a large part of it. Some of my peers had helicopter parents, I did not. Even into my 30s you can see the long term effects of that. People went to college not knowing how to make Mac & Cheese or do their laundry. I've interviewed people (for professional positions) that had their parents follow up where as I was pushed out of the car door for my interview at Taco Bell when I was 16.
There's more to the picture than the random year someone was born in.
It did: they got +2 Insightful.
Kinda explains a lot of things.
Forget magic. Any technology distinguishable from divine power is insufficiently advanced.
They are getting confused results because they didn't give the choice: live-at-home-with-mommy-ism
The U.S. hasn't been truly capitalistic for a long time now. It has been slowly muddied with socialism for years. Those that claim that capitalism isn't working are actually pointing out that the socialism they are slowly integrating and eroding the system with isn't working. Those same people refuse to believe their socialist policies aren't working and that we need more socialist policies to fix it. Many Millennials believe they are rejecting capitalism, when in reality they are rejecting a sluggish economy that socialism is causing.
who pretended to be non-caucasian in order to land a job in academia......
She advocates for extreme progressive rot of the culture and the government and then progressively lies to get herself a job within the new progressive hiring rules she advocated for and which, if honestly applied, would block her from the position. SHE is the person offered as the solution to the complete brain rot which progressive millenials are suffering??????
Millenials have NEVER experienced capitalism or free market economics. Their entire adult experience has been under Obama who has DOUBLED the nation's debts, DOUBLED the number of people on food stamps, imported low-wage illegal laborers at a record pace and imported large numbers of foreign high tech workers, taken over the student load industry thereby driving up all college costs, put record numbers of new regulations onto businesses and individuals, sucked record-breaking piles of cash out of the economy through taxation and driven-down labor market participation to Jimmy Carter's 1970s levels, while never generating significant growth in the economy. Had millenials experienced the booming economy of the Reagan years which came out opf a worse economy than what Obama inherited and yet generated two to three times the growth rates of Obama while seeing ALL segments of society gain economically, they would have an entirely different perspective. It's sadly true that even gen-X and gen-Y tend to have an experience base that only goes back to Clinton and Bush neither of which was up to the Reagan record (the "great" Clinton economy was largely the first internet bubble, and the Bushes perverted the GOP into a crony outfit which is why they are going insane against Trump's effort to wrestle it away from their donors)
What have these influential young millennials chosen as the replacement for capitalism?
When is the switchover?
Free markets are not synonymous with capitalism. Which is it that millennials object to: voluntary non-coercive trade of goods and services, or an economy where the outcome you get is not so much a product of your skill and hard work but rather heavily influenced by the prior distribution of capital ownership?
Note well that it was Marx who suggested that the latter was an inevitable consequence of the former, and coined the term "capitalism" to describe the latter, so if you support free markets and treat "capitalism" as though it means just that, you're tacitly buying into Marx's ideology.
Socialism is the opposition to capitalism, not necessarily to free markets. Market socialism is a thing. The opposite of a free market is a command economy, and socialism does not necessitate a command economy.
-Forrest Cameranesi, Geek of all Trades
"I am Sam. Sam I am. I do not like trolls, flames, or spam."
n = 3183.
Based on ~1600 of them, from the US, "A Majority Of Millennials Now Reject Capitalism" says Slashdot. Really? Biased much? What about the rest of the world / US population?
This was about 'labels' NOT the actual concepts themselves....it should be freakin' drop dead obvious that you can't poll people to determine whether or not they 'support capitalism or socialism' as those LABELS have a WIDE definition...seriously, people in the US actually believe they live in a 'capitalist country' and of course to some extent they do but the US is also a 'socialist' country (medicare, medicaid, unemployment, social security...see its RIGHT THERE IN THE NAME!).
Seriously, who the hell 'vets' this stuff after submission! At a minimum use your brain a bit before allowing such a poorly worded summary to be posted.
Face facts; you're too dumb to know what to do with money.
It's much better for you, your neighbors, and the world to have a central source that gives you just enough.
It doesn't matter if you're a producer or consumer, smart or dumb as a rock; everyone gets the same.
Do you have too much money? Give it to the central source.
Do you not not have enough money? Get it from the central source.
Nobody is poor, nobody is rich.
Nobody is poor, nobody is rich.
All will then be well.
Who won World War II?
Defeated fascism and make the world safe for communism?
CAPITALISM!
000000
Bingo! We have a winner.
"young adults ages 18-29. It found that 51 percent of those polled rejected capitalism" In other news, a recent study of young adults aged 18-29 showed that only 49 percent have ever worked to support themselves and paid taxes. :-)
"All those moments, will be lost in time...like tears in rain..."
I wonder how much of these poll results are affected by this phenomenon of adult children staying home. http://www.telegraph.co.uk/new... These things start a parent to think about their options, such as taking Jonny out to a bar and then the military recruiters' office.
For anyone not in the know, "cucks" is a term recently embraced by MRAs as an insult because it's apparently extremely demeaning to have an unfaithful wife or to not be able to control your wife. I don't understand why it's considered an insult and not just an unpleasant and personal event, but there you go.
True free-market capitalism hasn't existed in the United States for longer than any of 3 or 4 millennials combined have been alive - specifically, since Woodrow Wilson started truly ushering in the era of big government, and FDR hammered the nail in the coffin of capitalism in this country with his rotten "New Deal". What we have is "crony capitalism" at best.
So, that's nice that they're rejecting it, but they've never had it either, and I seriously doubt they were taught anything legitimate about it beyond rants from far-left leaning teachers that "capitalism is bad" and "unions saved the workers" (a correlative fallacy, since there's no proof the market wouldn't have corrected itself without unions, particularly if the justice branch had actually been doing its job: corruption is neither unique, nor endemic to capitalism, and is every bit as bad - if not vastly worse - under highly authoritarian and controlling governments like socialism and communism tend to produce). What makes any of them think that the government and businesses would somehow be less corrupt and greedy and abusive with power consolidated even further in the hands of government, rather than resting nominally with the people? Doesn't it stand to reason that, at best, the greedy and corrupt would just then insinuate their way into government, where they could exercise even greater authority, and commit even worse abuses?
A great example of how even the best-intentioned results of socio-communism go wrong is seen in our government's assertion that it has a right to tell us what we can put in our bodies, and the resulting "War on Drugs" it declared (which would never fly in a truly free-market economy and a government that actually supported and believed in it), with the untold harm it has caused to millions around the world: if it weren't for the black market that the government created by trying to ban or control drugs, there would be no Cartels, for example. The only reason the Cartels exist is due to a facet of human nature and economics that socio-communists don't seem to understand: supply and demand will always trump laws, and that where there is a demand, a market will rise to meet it. It's only because the government is artificially trying to control that market that violent criminal gangs rose up to fill it. If there were no ban on drugs, there would be no black market, as proved early in the last century with the prohibition on alcohol, and the drop in crime that occurred when it was rescinded.
The fact remains, kids graduating from high school today are less educated than their parents or grandparents were, and even those people don't know squat about economics, or economic systems, on the average. Heck, most economists don't even know anything about economics, as evidenced by those in the Fed who think printing more money and maintaining a steady increase in inflation is somehow a good idea...
Years ago, I noticed one thing about economics, and that is that economists didn't get anything right.
-Nassim Nicholas Taleb
Economists tend to think they are much, much smarter than historians, than everybody. And this is a bit too much because at the end of the day, we don't know very much in economics.
-Thomas Piketty
I don't care for a lot of this person's theories, but the following, at least, I can definitely agree with:
Contrary to what professional economists will typically tell you, economics is not a science. All economic theories have underlying political and ethical assumptions, which make it impossible to prove them right or wrong in the way we can with theories in physics or chemistry.
-Ha-Joon Chang
Lastly, I think this lad
"Inveniemus Viam Aut Faciemus" 'We will find a way... Or we will make one!' --Hannibal of Carthage
It also makes for a very simple, effective filter.
Listening to someone who calls someone else a "cuck"? Stop listening.
Even back in the 70s, young people tended to be more leftist.
and i have a huge problem with the lack of follow up of unfit mothers who can have umpteen fucking kids and raise them poorly to have more kids they will raise poorly.
This doesn't happen very often, it's a really small problem in terms of occurrences. People like to exaggerate and imagine it's a central problem in order to support their own bias on an issue. There are many social problems that a much bigger problem than this one.
Did you even check any statistics published by the CDC ?
“Common sense is not so common.” — Voltaire
We shouldn't put too much weight on the opinions of a generation that do not remember 9/11.
There is no other possible system where you are free to sell your labor or possessions as you will. Capitalism is just another word for freedom.
They can't name another because there is no other system compatible with democracy and basic human rights.
Now, this isn't to say "socialism" of the European variety is incompatible with capitalism. It's still capitalism it just means you pay higher taxes and the government provides more services. This is still, my poor confused millenials, "capitalism".
To be clear, I'm cool with some EuroSocialism to a degree, but you'd find any non-capitalist system involves angry people with guns because that would by definition mean a curtailment of basic human freedoms.
First, they don't know what capitalism or socialism means, and prefer capitalism over socialism when explained in basic terms. Second, how can they focus on the flaws of the free-market when there isn't one in the first place? Admittedly, they could have studied economics and be against perceived flaws, but not knowing what capitalism or socialism is, I think almost certainly not.
Slashdot: Playing Favorites Since 1997
ism: a distinctive practice, system, or philosophy, typically a political ideology or an artistic movement. So, Capital-ism, versus social-ism. One focuses on wealth and costs, one focuses on social (human) aspects. As much as Finland is scared of it, yes - free healthcare, free education, intervention in various industries - that's socialism. The US itself isn't purely capitalistic, no, but we're the closest that anyone has ever been in the history of mankind. The "global" entities are very capitalistic - globalism itself is. Ship the labor to where ever it is cheapest, to make the widgets the cheapest, to hell with the anyone anywhere other than the 0.01%. That is, absolutely, capitalism. The pursuit of capital and wealth growth.
Thats what happens when you let tripped out hippies have kids...
If the brief headline summary is correct, then we're doomed. Real quick, just 4 points:
1. Socialism is a failure. There is ~6000 years of recorded history proving that Socialism fails miserably every single time it is tried.
2. Capitalism is the only thing in the history of the world that has lifted billions of people out of poverty and misery. Are there problems? Sure. Are there more improvements to be made? Of course, but you have to continue with what works and fix (or at least mitigate) the imperfections along the way. Don't "throw the baby out with the bath water."
3. What many youngsters are experiencing now is "crony capitalism" instead of truly free markets. This is a result of liberalism/progressivism - policies that make it easy for big money to get in bed with big government and restrict the rights of individuals. This is what needs to be eliminated.
4. There will NEVER be a perfect system because we're human, so get used to the realities of life. It 'ain't' fair.
Socialism ensure no progress and no freedom. There is absolutely no real life example where socialism has succeeded to promote progress, innovation, increase global wealth and freedom.
And when you say socialism, you mean dictatorships that masquerade as Communism, right? Because Socialism isn't a bivalent thing, and there are a number of highly socialistic countries that are doing quite well. Look to the Nordic countries in northern Europe for an example.
Other than being totally wrong, your statement is quite correct.
HA! I just wasted some of your bandwidth with a frivolous sig!
is Capitalists.
You, yes YOU mr. Republican, is that you showed the young how the game is rigged, bragged about it in fact, by running dynastic inheritors like Bush, Bush, Rmoney and now Trump, while "winning" by forbidding the counting of votes, rigging the voting booth and rejecting valid voters
Surprise, your young have had ENOUGH of you.
When the few rule by creating a false rhetoric of "meritocracy" while the true rulers are dynasties of wealth, the many WILL figure it out.
A MINORITY rules the Capitalist world.
the 1% own or directly control 88% of the value of stocks in the world.
They ARE the boards of directors, and those people decide who eats.
So how many less does it take to decide whose vote is to be counted?
5, actually.
majority of millennials failed by education system. have no idea what capitalism is or does. shrug and go to starbucks, pay with debit cards.
not surprising. it's just too much effort having to press the shift key.
I think they're just moving on to a new insult. After all, you can't just call people gay anymore.
Thus, calling them cucks/cuckolds as a way to, not necessarily say that they have cheating wives, but that they're easily fooled, period. I'd say, especially by the government and corporate interests.
I don't read AC A human right
Cuck as in cuckold - a person who willingly gives up his wife for other men's pleasure as he deems himself inferior to other men.
And takes sexual pleasure from the fact.
The root of the problem is instant gratification. Back in my day, ie 80's, we had Saturday morning cartoons. That was the only solid couple of hours of cartoons on TV at the time. You might get one or two shows the rest of the week. You looked forward to Saturday for those cartoons. Now you have channel after channel on TV and streaming sites for instant cartoon gratification. Millennials never learned how to "look forward" to something. They want anything they just want instant gratification in cartoons, careers, education, and economic freedom.
I only look human.
My mother is a halfling and my dad is an ogre, so that makes me an Ogreling
The free market is only free until the players start to flock to guilds, and start setting up rules they impose on every player. The current system is not some sinister conspiracy against a free market, it's a direct evolution of the original free market people had, when the first nomadic tribes started trading goods between each other. Even if we abolished all laws controlling the market, the "free market" would be free for about 5 seconds until the players started setting up rules. A truly unchecked free market would also have catastrophic effects on the environment.
Where's the app apper luddite guy?
Too many kids have an easy life because their parents did well thank to capitalism OR they are on financial aid because 'evil capitalists' could contribute to schlarships and endowments.
Not that the Professors indoctrinating them would mention either of these facts...
Most young people tend to work on emotions instead of reason; wisdom does come with age through brain development. Then there is the fact that most young people do not have very much money, and a system wherein they gain at the expense of people who are far, far richer than they are does tend to appeal somewhat.
As soon as these people have started earning money, and started paying taxes then the prospect of becoming rich off one's own efforts starts to appeal, and the notion of having one's own money confiscated for the use of those who did not earn it starts to hurt quite a bit.
I would therefore be interested to see how the views of these people changes over time.
They will stay socialist as long as the free ride continues, or until they see a way to make lots of money and then they become capitalists, and will then protect what they have. The flipflop will happen as they gain responsibilities in their lives.
USA Schools promote Socialism & oppose Capitalism. Proof? In addition to the aforementioned survey, the successes of Bern-out Sanders, a mummified socialist hippie, are all on the wave of freshly minted socialists from the public so-called schools. The schools have meticulously jettisoned any teachers with an ounce of conservatism, and used both curriculum and in-school propaganda to infect kids with socialism during the last 40+ years. Each passing year they get better and better at being "Change Agents" to direct Amerika Left, Left, Left. Fix the schools and you fix America.
Trump as an Independent, would not win enough electoral votes. Guess who wins in the event nobody pulls that off.... Clue...
https://en.wikipedia.org/wiki/...
And, that would mean the Republican candidate would be a lock.
Just another day in Paradise
Not supporting something doesn't necessarily equate to rejecting it.
Besides, there are all kinds of capitalism.
Do they reject capitalism in general, or vampire capitalism as it's practiced by the super-rich and corporations that kills jobs and little people?
It appears that 100 years of effort by the public education establishment to undermine and overthrow society are paying off. We're inching closer to social revolution. This is neither new nor surprising, we've seen it coming for a long time and done nothing.
I do question whether millennials even understand capitalism, but whatever. They've clearly shown one doesn't have to understand something to have a strong and ignorant opinion, or to be manipulated into frothing activism.
Then again maybe they do understand. Capitalism expects everyone to take responsibility for themselves instead of demanding entitlements and getting butthurt and throwing temper tantrums when we don't get them. We've certainly taught our children poorly. I feel some pity for them, as they are going to make their own hell and then suffer in it, yet it's their parents' fault for raising them this way.
We're circling the drain. I think it is too late to avoid it or even delay it now. We are about to reap the reward of our selfish myopia.
I think your missing 2 bits
Why is it hard for people to think ahead? Is it to difficult to understand supply and demand? When you are out of food do you go to the store? When you need a breath of fresh air do you breath in? How do you know how much to breath in? Is the government supposed to know how much you breath and eat? Do you want them to tell you how many gallons of milk you can buy? How many breaths of air you can have a day? Socialism is the division of wealth...somewhere in there they make a judgment call as to who gets more...this is the grand scheme. A few powerful will be taken care of in vast ways. The majority dumbasses continue to starve and pull the middle down with them. I shouldn't have to be here. Look around at everything in the universe..there is no regulator on tree growth, no controls on how many bees can be born, they grow as needed, a lot in good years, slowly or none in bad years, things even come and wipe them off the face of the planet, but none the less some how, they come back, even stronger. Things will always add up, make sense, be of weight, testable, if it isn't don't fuck with it. We don't see success in socialism because it eats itself, quickly, then collapses when the ones who know how to do things, the ones who love to work on their passion projects, the ones who don't sleep, the ones that create things, stop doing so because it's always ripped from their hands and given away to be broken and misused.
We need less people sayin how to live. More people doing what they love to do, creating and learning new things of science and engineering. We can live anywhere we want in the universe. We just need the gates left open.
You throw the word "socialism" around as if you actually knew what it meant, but you don't.
Why is it so difficult for to understand the differences between:
* Communism
* Socialism
* Social market economies
It would be great if you'd only speak if you knew what you were talking about, but then, this is the Internet, so I won't hold my breath.
...except for the fact that "a Majority Of Millennials" wouldn't know Capitalism if it snuck up on them and bit them in the ass - which is EXACTLY what "Socialism" will do because they don't know THAT from a hole in the ground into which you throw money - which is basically what Socialism IS. The fact is the United States ISN'T "Capitalist" and hasn't been for decades. It's "Crony Capitalist" with the cronies being chosen by the government, and whether you call it "Capitalist" or "Socialist" there is no difference down in the trenches, it merely changes who profits from government mismanagement. Only when you pry away from central government the power to control everything and and put it in a sandbox surrounded with nasty tripwires - career and pension-ending tripwires - that will blow up any government action and the drones who perpetrate it will it again be possible for to have have anything OTHER than "crony capitalism".
The real irony of this post is the challenge word "snowed" - yes, they are. To well over their pointy little heads.
Given their history, distant, not so distant and recent, I would say explode.
Why is this marked funny? This is indeed the minimal ruleset for government, and the most direct. It might not be the lowest overhead, but...
Is this a specific funny reference somehow? Or are slashdotters really so politically naive to pretend this isn't enacted in hundreds of millions of cases (marriages and other scales)?
Yes, capitalism has it's problems but which socialist country would they prefer they live in? Here's a list to pick from I'd certainly rather stay where I am.
Iam a Boomer and I aint rich. It has to do with being elite or Knowing the right people. It always is a job for a rich guys kid or a certain religions son doesn't go to Vietnam and fight against someone we have Nothing against. When I graduated I had as good a grade as some of my friends. But because they had a uncle or Dad in the Union they got hired. Ever since the early 80's there hasn't been any manufacturing jobs around. They say to the poor in Montana we live here and work for Low wages to get the Good camping and fishing spots. Now the psychological condescending, attitude is filtered to next generations. Well Finally someone is seeing the light! This Robber Baron Capitalism is so ' in your face' that tide is turning. They should have let the banks fail in 2008. Because its the rich that are going to find they cant hire us anymore. Been screwed 1 time to many. Bernie Sanders is the one that showed that the system is screwed up. Not some conspiracy that the religious money media keeps throwing around You-tube. Misinformation campaigns and it may be their last move. There is no reason that Ceo's need to make 100x times more than the workers. Either share the wealth or make it a crime to 'use' people. I just want to Thank as many Mill. that I can We love you. The Boomers that are Scapegoated " Deal with it". Ps. the post is not Anon. Coward. It's C. Bright Great Falls,Mt.