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Millennial socialism

January 01, 1970

Millennial socialism is a resurgence of interest in democratic socialism and social democracy among Americans and Britons born between 1981 and 1996, generationally known as millennials.

Background edit

According to some studies, American millennials are more supportive of aspects of socialist politics than prior generations.[1] Some American millennials support policies that would widen social safety nets and provide relief for student debt and health care costs.[2] In some late 2010s polls, young Americans viewed socialism positively and had a less favorable view of capitalism than their forebears.[3][4][5] According to a 2021 Axios poll, 49% of Americans aged 18 to 34 viewed capitalism positively, compared to 58% in 2019.[6] Capitalism, increasingly dissociated from its connotations of American success during the Cold War, developed an association with corporate greed, exacerbating climate change,[2] and inherited wealth.[5] Surveys from the UK show similar results.[7] Some commentators and researchers, such as James Pethokoukis of the American Enterprise Institute and Emily Ekins of the Cato Institute, have argued that millennial support for socialism can be more accurately described as support for social democracy, as opposed to socialism as traditionally conceived (e.g, a planned economy).[8][9][10]

As a generation, American millennials grew up with political discussions about class and inequality, the youngest millennials having been teenagers during the 2011 Occupy Wall Street movement.[11] Young Americans generally face worse economic prospects than their forebears, including a higher cost of living,[2] and an increased student debt burden.[11] A 2019 SuperMoney report showed that average millennial income growth is flat after inflation.[2] Similar observations have been made of British millennials, with a 2021 IEA survey finding nearly 8 out of 10 younger Britons blaming capitalism for Britain's housing shortage, as opposed to the economic consensus that many economists espouse regarding housing which is that government intervention is responsible for high housing costs and shortages (zoning laws, land use regulations, rent control etc.).[12][13][14]

Electoral politics edit

The American democratic socialist politicians Bernie Sanders and Alexandria Ocasio-Cortez have enjoyed support among millennials, with 70% saying they would be supportive of a candidate with a socialist background.[2] A 2019 YouGov poll showed a majority of millennial respondents as likely to vote for a socialist candidate[2] and millennial voters in the 2020 Democratic presidential primary preferred the democratic socialist candidate Sanders over Joe Biden by 20 percentage points. Throughout the late 2010s, millennials revitalized the aging Democratic Socialists of America from a marginalized advocacy group to 100,000 members nationwide.[11] Sanders and millennial socialists invoke the Nordic model as an alternative, in which taxes on markets and a high personal income tax, including of the middle class, fund the government.[2]

Jeremy Corbyn of the United Kingdom Labour Party had a similarly energizing effect on his country's millennials, though while he tripled the political party's size to become the largest in western Europe, its growth was not driven primarily by young people: the average age remained similar to that before the expansion.[15]

Analysis edit

A 2019 Pew Research poll found that millennials were more distrustful of others than prior generations, suggesting that millennial socialist interest in state intervention might stem less from belief in human goodness and social trust, and more from a lack of such trust.[1]

Economist Ed Glaeser credits "boomer socialism" for the rise of millennial socialism. Although baby boomers (born 1946 to 1964) have an unfavorable view of socialism, baby boomers had social democratic programs such as Social Security, Medicare, and subsidized mortgages.[2]

See also edit

References edit

  1. ^ a b Levitz, Eric (August 15, 2019). "America's Most Socialist Generation Is Also Its Most Misanthropic". Intelligencer. from the original on March 8, 2021. Retrieved June 19, 2021.
  2. ^ a b c d e f g h Wallace, Danielle (January 30, 2020). "What is millennial socialism?". Fox News. from the original on March 3, 2020. Retrieved April 5, 2020. Seventy percent of millennials – and 64 percent of Gen Z – answered that they'd be somewhat or extremely likely to vote for a socialist candidate, according to a poll conducted by data and research firm YouGov last September for the Victims of Communism Memorial Foundation.
  3. ^ Solis, Marie (May 4, 2020). "Why Gen Z Is Turning to Socialism". Vice. from the original on May 15, 2021. Retrieved June 19, 2021.
  4. ^ Salmon, Felix (January 27, 2019). "More Americans aged between 18 and 24 prefer 'socialism' to 'capitalism'". Axios. from the original on June 5, 2021. Retrieved June 19, 2021.
  5. ^ a b JOseph Blasi, Douglas L Kruse (April 10, 2018). "Today's youth reject capitalism, but what do they want to replace it?".
  6. ^ Salmon, Felix (June 25, 2021). "America's continued move toward socialism". Axios. Retrieved June 28, 2021.
  7. ^ "Left turn ahead: Surveying attitudes of young people towards capitalism and socialism". Institute of Economic Affairs. Retrieved August 4, 2022.
  8. ^ Pethokoukis, James (May 20, 2021). "Some thoughts of Millennials, Socialism and Scandinavia". American Enterprise Institute.
  9. ^ "Millennials believe in free markets and want a Scandinavian welfare state". Promarket. March 25, 2016.
  10. ^ Ekins, Emily. "Why so many millennials are socialists".
  11. ^ a b c Beery, Zoë (November 27, 2020). "The Rich Kids Who Want to Tear Down Capitalism". The New York Times. from the original on May 8, 2021. Retrieved June 19, 2021.
  12. ^ Beyer, Scott. "How Ironic: America's Rent-Controlled Cities Are Its Least Affordable". Forbes. Retrieved April 17, 2023.
  13. ^ Dougherty, Conor (October 12, 2018). "Why Rent Control Is a Lightning Rod". The New York Times. ISSN 0362-4331. Retrieved April 17, 2023.
  14. ^ Owen Jones (September 20, 2021). "Eat the rich! Why millennials and generation Z have turned their backs on capitalism". The Guardian.
  15. ^ Mead, Julia (January 10, 2017). "Why Millennials Aren't Afraid of Socialism". The Nation. ISSN 0027-8378.

Further reading edit

  • Burns, Alexander (July 22, 2018). "There Is a Revolution on the Left. Democrats Are Bracing". The New York Times. ISSN 0362-4331. from the original on July 30, 2018. Retrieved July 29, 2018.
  • "Democratic socialism surging in the age of Trump". AP News. July 21, 2018. from the original on July 29, 2018. Retrieved July 29, 2018.
  • Isaac, Jeffrey C. (July 30, 2019). "Millennial Socialism and Its Limits". Los Angeles Review of Books. from the original on December 2, 2020. Retrieved June 19, 2021.
  • Lemon, Jason (June 25, 2021). "Majority of Gen Z Americans Hold Negative Views of Capitalism: Poll". Newsweek. Retrieved June 27, 2021.
  • Jacobson, Gavin (June 5, 2019). "The rise of millennial socialism". The New Statesman. from the original on January 13, 2020. Retrieved April 5, 2020.
  • McGreal, Chris (September 2, 2017). "'The S-word': how young Americans fell in love with socialism". The Guardian. from the original on May 6, 2021. Retrieved June 19, 2021.
  • Niemietz, Kristian (October 2019). "Millennial Socialism: Same old, same old". Economic Affairs. 39 (3): 424–432. doi:10.1111/ecaf.12368. ISSN 0265-0665. S2CID 211669858.
  • "Out of left field: Millennial socialists want to shake up the economy and save the climate". The Economist. February 14, 2019. ISSN 0013-0613. from the original on April 5, 2020. Retrieved April 5, 2020.
  • "The fire next time: What would millennial socialists do with power?". The Economist. November 28, 2019. ISSN 0013-0613. from the original on April 5, 2020. Retrieved April 5, 2020.
  • "The resurgent left: Millennial socialism". The Economist. February 19, 2019. ISSN 0013-0613. from the original on April 5, 2020. Retrieved April 5, 2020.
  • Vallespín, Fernando (March 10, 2019). "Análisis – Socialismo milenial en EE UU". El País (in Spanish). Madrid. ISSN 1134-6582. from the original on June 8, 2020. Retrieved June 26, 2020.
  • Zuylen-Wood, Simon van (March 3, 2019). "When Did Everyone Become a Socialist?". Intelligencer. from the original on May 16, 2021. Retrieved June 19, 2021.
 
Wikiquote has quotations related to Millennial socialism.

January 01, 1970
millennial, socialism, resurgence, interest, democratic, socialism, social, democracy, among, americans, britons, born, between, 1981, 1996, generationally, known, millennials, contents, background, electoral, politics, analysis, also, references, further, rea. Millennial socialism is a resurgence of interest in democratic socialism and social democracy among Americans and Britons born between 1981 and 1996 generationally known as millennials Contents 1 Background 2 Electoral politics 3 Analysis 4 See also 5 References 6 Further readingBackground editAccording to some studies American millennials are more supportive of aspects of socialist politics than prior generations 1 Some American millennials support policies that would widen social safety nets and provide relief for student debt and health care costs 2 In some late 2010s polls young Americans viewed socialism positively and had a less favorable view of capitalism than their forebears 3 4 5 According to a 2021 Axios poll 49 of Americans aged 18 to 34 viewed capitalism positively compared to 58 in 2019 6 Capitalism increasingly dissociated from its connotations of American success during the Cold War developed an association with corporate greed exacerbating climate change 2 and inherited wealth 5 Surveys from the UK show similar results 7 Some commentators and researchers such as James Pethokoukis of the American Enterprise Institute and Emily Ekins of the Cato Institute have argued that millennial support for socialism can be more accurately described as support for social democracy as opposed to socialism as traditionally conceived e g a planned economy 8 9 10 As a generation American millennials grew up with political discussions about class and inequality the youngest millennials having been teenagers during the 2011 Occupy Wall Street movement 11 Young Americans generally face worse economic prospects than their forebears including a higher cost of living 2 and an increased student debt burden 11 A 2019 SuperMoney report showed that average millennial income growth is flat after inflation 2 Similar observations have been made of British millennials with a 2021 IEA survey finding nearly 8 out of 10 younger Britons blaming capitalism for Britain s housing shortage as opposed to the economic consensus that many economists espouse regarding housing which is that government intervention is responsible for high housing costs and shortages zoning laws land use regulations rent control etc 12 13 14 Electoral politics editThe American democratic socialist politicians Bernie Sanders and Alexandria Ocasio Cortez have enjoyed support among millennials with 70 saying they would be supportive of a candidate with a socialist background 2 A 2019 YouGov poll showed a majority of millennial respondents as likely to vote for a socialist candidate 2 and millennial voters in the 2020 Democratic presidential primary preferred the democratic socialist candidate Sanders over Joe Biden by 20 percentage points Throughout the late 2010s millennials revitalized the aging Democratic Socialists of America from a marginalized advocacy group to 100 000 members nationwide 11 Sanders and millennial socialists invoke the Nordic model as an alternative in which taxes on markets and a high personal income tax including of the middle class fund the government 2 Jeremy Corbyn of the United Kingdom Labour Party had a similarly energizing effect on his country s millennials though while he tripled the political party s size to become the largest in western Europe its growth was not driven primarily by young people the average age remained similar to that before the expansion 15 Analysis editA 2019 Pew Research poll found that millennials were more distrustful of others than prior generations suggesting that millennial socialist interest in state intervention might stem less from belief in human goodness and social trust and more from a lack of such trust 1 Economist Ed Glaeser credits boomer socialism for the rise of millennial socialism Although baby boomers born 1946 to 1964 have an unfavorable view of socialism baby boomers had social democratic programs such as Social Security Medicare and subsidized mortgages 2 See also editSocialism of the 21st centuryReferences edit a b Levitz Eric August 15 2019 America s Most Socialist Generation Is Also Its Most Misanthropic Intelligencer Archived from the original on March 8 2021 Retrieved June 19 2021 a b c d e f g h Wallace Danielle January 30 2020 What is millennial socialism Fox News Archived from the original on March 3 2020 Retrieved April 5 2020 Seventy percent of millennials and 64 percent of Gen Z answered that they d be somewhat or extremely likely to vote for a socialist candidate according to a poll conducted by data and research firm YouGov last September for the Victims of Communism Memorial Foundation Solis Marie May 4 2020 Why Gen Z Is Turning to Socialism Vice Archived from the original on May 15 2021 Retrieved June 19 2021 Salmon Felix January 27 2019 More Americans aged between 18 and 24 prefer socialism to capitalism Axios Archived from the original on June 5 2021 Retrieved June 19 2021 a b JOseph Blasi Douglas L Kruse April 10 2018 Today s youth reject capitalism but what do they want to replace it Salmon Felix June 25 2021 America s continued move toward socialism Axios Retrieved June 28 2021 Left turn ahead Surveying attitudes of young people towards capitalism and socialism Institute of Economic Affairs Retrieved August 4 2022 Pethokoukis James May 20 2021 Some thoughts of Millennials Socialism and Scandinavia American Enterprise Institute Millennials believe in free markets and want a Scandinavian welfare state Promarket March 25 2016 Ekins Emily Why so many millennials are socialists a b c Beery Zoe November 27 2020 The Rich Kids Who Want to Tear Down Capitalism The New York Times Archived from the original on May 8 2021 Retrieved June 19 2021 Beyer Scott How Ironic America s Rent Controlled Cities Are Its Least Affordable Forbes Retrieved April 17 2023 Dougherty Conor October 12 2018 Why Rent Control Is a Lightning Rod The New York Times ISSN 0362 4331 Retrieved April 17 2023 Owen Jones September 20 2021 Eat the rich Why millennials and generation Z have turned their backs on capitalism The Guardian Mead Julia January 10 2017 Why Millennials Aren t Afraid of Socialism The Nation ISSN 0027 8378 Further reading editBurns Alexander July 22 2018 There Is a Revolution on the Left Democrats Are Bracing The New York Times ISSN 0362 4331 Archived from the original on July 30 2018 Retrieved July 29 2018 Democratic socialism surging in the age of Trump AP News July 21 2018 Archived from the original on July 29 2018 Retrieved July 29 2018 Isaac Jeffrey C July 30 2019 Millennial Socialism and Its Limits Los Angeles Review of Books Archived from the original on December 2 2020 Retrieved June 19 2021 Lemon Jason June 25 2021 Majority of Gen Z Americans Hold Negative Views of Capitalism Poll Newsweek Retrieved June 27 2021 Jacobson Gavin June 5 2019 The rise of millennial socialism The New Statesman Archived from the original on January 13 2020 Retrieved April 5 2020 McGreal Chris September 2 2017 The S word how young Americans fell in love with socialism The Guardian Archived from the original on May 6 2021 Retrieved June 19 2021 Niemietz Kristian October 2019 Millennial Socialism Same old same old Economic Affairs 39 3 424 432 doi 10 1111 ecaf 12368 ISSN 0265 0665 S2CID 211669858 Out of left field Millennial socialists want to shake up the economy and save the climate The Economist February 14 2019 ISSN 0013 0613 Archived from the original on April 5 2020 Retrieved April 5 2020 The fire next time What would millennial socialists do with power The Economist November 28 2019 ISSN 0013 0613 Archived from the original on April 5 2020 Retrieved April 5 2020 The resurgent left Millennial socialism The Economist February 19 2019 ISSN 0013 0613 Archived from the original on April 5 2020 Retrieved April 5 2020 Vallespin Fernando March 10 2019 Analisis Socialismo milenial en EE UU El Pais in Spanish Madrid ISSN 1134 6582 Archived from the original on June 8 2020 Retrieved June 26 2020 Zuylen Wood Simon van March 3 2019 When Did Everyone Become a Socialist Intelligencer Archived from the original on May 16 2021 Retrieved June 19 2021 nbsp Wikiquote has quotations related to Millennial socialism Portals nbsp Politics nbsp Socialism nbsp United States nbsp United Kingdom nbsp 2010s nbsp 2020s Retrieved from https en wikipedia org w index php title Millennial socialism amp oldid 1217509651, wikipedia, wiki, book, books, library,

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