Disturbing poll results (conducted by YouGov) released by Victims of Communism Memorial Foundation have revealed that, as a group, more millennials prefer to live in a socialist country rather than in a capitalist one.
The declining rate of support for capitalism becomes glaringly visible along age demographics (matures: 78%; baby boomers: 66%; gen xers: 57%; millennials: 42%).
The surprising exception to the trend was found among the youngest demographic, “generation Z” whose preference to live in a capitalist society polled at 67%. While that bodes well in terms of changing future attitudes, the simple desire to live under capitalism will not make it so. The world is replete with citizens who desperately wish to live under conditions of freedom, yet that reality eludes them.
Blinded to what philosopher-novelist Ayn Rand boldly proclaimed as “the unknown ideal,” the failure to comprehend the true nature of Capitalism – as a moral system – has been the primary cause of capitalism’s decline in public acceptance. Continue reading »