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Economy
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Title: Capitalism Is Being Rejected by Young Americans in Huge Numbers
Source: Newsweek
URL Source: https://www.newsweek.com/capitalism ... ericans-bernie-sanders-1071146
Published: Aug 14, 2018
Author: Jason Le Miere
Post Date: 2018-08-14 09:53:17 by Willie Green
Keywords: None
Views: 1285
Comments: 37

In the two years since Senator Bernie Sanders’s campaign for president, the image of capitalism among young Americans has taken a dramatic hit, a new poll has indicated. Less than half, 45 percent, of Americans aged between 18 and 29 have a positive view of capitalism, according to a Gallup poll released Monday.

When Sanders, a self-identified socialist, challenged Hillary Clinton for the Democratic nomination for president two years ago, the figure stood at 57 percent, up 1 percent from 2012 but down 11 from 2010. For the first time, more young Americans now have a positive view of socialism than they do capitalism, even as support for socialism among the group has remained steady at 51 percent.

The poll was taken as the mainstream Democratic Party encounters an increasing progressive movement that has celebrated socialism and heavily criticized aspects of capitalism. It was Sanders, an independent senator, who popularized many of the essential tenants of socialism during his insurgent campaign for president. His talking points, notably his slamming of the proportion of wealth owned by richest 1 percent of Americans, and his policy ideas, including advocating for a Medicare-for-all program, particularly resonated among young people.

Although Clinton ultimately triumphed in the 2016 primaries, Sanders won the youth vote over the former secretary of state by wide margins. Indeed, more young people voted for Sanders than Clinton and now-President Donald Trump combined.

It is not just young people who are increasingly rejecting capitalism, however. The Gallup poll also indicated that just 47 percent of Democrats, or those who lean Democrat, have a positive view of capitalism, compared to 57 percent who look favorably upon socialism.

The poll was based on interviews with 1,505 adults and conducted between July 30 and August 5 with a margin of error of 3 percentage points.

Sanders’s Revolution Continues

Sanders may have been defeated but his ideas have increasingly been embraced by the Democratic mainstream. Still, his movement, continued both by himself and the progressive group Our Revolution, has often come into direct conflict with establishment Democrats during primary elections for the 2018 midterms.

The most famous product of Sanders’s “revolution” to date has been Alexandria Ocasio-Cortez, a member of the Democratic Socialists of America who shocked Democratic politics in June when defeating long-time Congressman from New York and potential next House speaker Joe Crowley.

Her victory sparked an immediate conflict with current House Minority Leader Nancy Pelosi, whom the 28-year-old Ocasio-Cortez refused to say if she would back as speaker should Democrats regain control of the House. Ocasio-Cortez has also joined Sanders in endorsing and campaigning for progressive candidates. However, despite their own popularity and the growing rejection of capitalism among young Americans and Democrats, their record in persuading voters to back similarly minded candidates has so far been decidedly mixed.

And, while the views among certain demographics have shifted notably, overall a majority of Americans retain a positive view of capitalism (56 percent) with only a minority (37 percent) continuing to view socialism favorably. 


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Begin Trace Mode for Comment # 28.

#1. To: Willie Green (#0) (Edited)

In other words, capitalism is "rejected" by parasitic yoots that STILL live with Mommy....who are too lazy to work for a living.

Your peeps, Willie, eh?

Liberator  posted on  2018-08-14   10:37:55 ET  Reply   Untrace   Trace   Private Reply  


#3. To: Liberator (#1)

In other words, capitalism is "rejected" by parasitic yoots that STILL live with Mommy....who are too lazy to work for a living.

Yep.

Wait till they can not afford their games or phones or tv's. Cut them off porn and watch them lose it!

When inflation hits and everything is so expensive little kiddies will freak out. Then when the rest of the world gets upset that we dumped the value of USD and they are left holding the bag they will send their war ships to recover their losses and those snowflakes will be forced to fight or die. They will have some growing up too do!!

Justified  posted on  2018-08-14   12:26:43 ET  Reply   Untrace   Trace   Private Reply  


#7. To: Justified (#3) (Edited)

Wait till they can not afford their games or phones or tv's. Cut them off porn and watch them lose it!

They can't imagine it gone! Mommy pays for internet and phone bills in any case, doesn't she?

They can't ever imagine Mommy tossing out their lazy cabooses out on the street either.

These soft, effette socialist-hypocrites need desperately to be cut off from ALL capitalism's fruits! The collective cacophony of Schadenfreude snickers from the rest of us would be deafening.

When inflation hits and everything is so expensive little kiddies will freak out. Then when the rest of the world gets upset that we dumped the value of USD and they are left holding the bag they will send their war ships to recover their losses and those snowflakes will be forced to fight or die. They will have some growing up too do!!

That's what will happen...

I feel and fear for our hard-working kids and grand-kids. It's not their fault that lazy and dirty-hippy Baby-Boomers messed up their world. And yes -- BABY-BOOMERS messed it up. All Lefty-Baby-Boomers went into politics and/or found their do-nothing pencil-pushing bureaucratic jobs with the Big Nanny State.

Liberator  posted on  2018-08-14   15:36:17 ET  Reply   Untrace   Trace   Private Reply  


#19. To: Liberator, Justified, Hank Rearden.CZ82 (#7) (Edited)

I feel and fear for our hard-working kids and grand-kids. It's not their fault that lazy and dirty-hippy Baby-Boomers messed up their world.

You guys exude great confidence and common sense realism. Perhaps you have an answer to a question that troubles me. Please enlighten me.

How capitalism can deal with situation , when in couple of decades most of jobs will be eliminated thanks to automation and artificial intelligence, followed by an overabundance of goods while most of people will be in debt and wealth will be concentrated in few hands?

A Pole  posted on  2018-08-16   17:04:05 ET  Reply   Untrace   Trace   Private Reply  


#22. To: A Pole (#19)

How capitalism can deal with situation , when in couple of decades most of jobs will be eliminated thanks to automation and artificial intelligence, followed by an overabundance of goods while most of people will be in debt and wealth will be concentrated in few hands?

Yes some jobs have been lost to automation but many jobs have been created to create, build and maintain that automation, and are higher paying than what was lost.

Another shift has been from agricultural jobs to services jobs, the services jobs are much easier and pay the same up to 2-3 times as much depending on what it is.

CZ82  posted on  2018-08-16   18:26:05 ET  Reply   Untrace   Trace   Private Reply  


#25. To: CZ82 (#22)

Yes some jobs have been lost to automation but many jobs have been created to create, build and maintain that automation, and are higher paying than what was lost.

The coming technology will require very little maintenance. You are just thinking that future will be a repetition of the past. I think you are not getting what is coming.

Another shift has been from agricultural jobs to services jobs, the services jobs are much easier and pay the same up to 2-3 times as much depending on what it is.

Most will be done by androids. Faster better and cheaper.

A Pole  posted on  2018-08-16   19:08:17 ET  Reply   Untrace   Trace   Private Reply  


#27. To: A Pole (#25)

Man still has to create it, program it and service it. It will still have bearings that wear out, lubrication that has to be replenished/changed and programs to be written and reloaded when it gets corrupted.

Without humans it's all metallic junk, which will bring about $120 per ton at the local scrapyard.

CZ82  posted on  2018-08-16   19:17:31 ET  Reply   Untrace   Trace   Private Reply  


#28. To: CZ82 (#27) (Edited)

Man still has to create it, program it and service it. It will still have bearings that wear out, lubrication that has to be replenished/changed and programs to be written and reloaded when it gets corrupted.

But will it all need as many human hands as before?

It seems, you did not understand my question. If the technological progress reduces need for human labor only, a few times (like it did with agriculture in the past), what will you do with the rest of humans?

A Pole  posted on  2018-08-17   2:19:47 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 28.

#30. To: A Pole (#28) (Edited)

One of my main customers is a semi conductor place, it's full of CNC machines there must be close to 125 in the building. Operators still have to install the part and remove it during the process. The operator also has to monitor the part during the process and do any small changes/adjustments to the computer program while it's running. If these parts are out of tolerance by so much as a few thousands then you have to have a maintenance person try to calibrate it. This may work and it may not once the table bearings and jackscrews get so worn the whole thing has to be torn apart and rebuilt, this usually happens about once a year.

The company has maintenance people on site around the clock 24/7/365 to keep the mills running but some things they can't do themselves so have to have a company rep come do them. Recently they just signed a contract with the company to have one of their reps on site for a full 40hr week and is on call at night if needed. Their hourly rate is over $100 an hr and the rep receives $200 a day for travel.

There are also laser etching/measuring machines, wire saws, crystal growers, kilns and assorted other machines. Even though they are automated it's only to a certain degree and it still has to have operators and maintenance people. A normal shift for the plant consists of over 100 people which consists of operators, maintenance, engineers, purchasing and other office people. They recently expanded and bought another building about 50 miles from the current site and are fitting it out right now to begin production this winter/early spring.

CZ82  posted on  2018-08-17 09:17:39 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 28.

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