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Yes, and given the simple fact of the aging of populations, capitalism supporters will be dying off, replaced by younger socialists. In the UK we have had the joys of 10 years of a government of free market ******** but younger people are far more supportive of the left (as noted in the article*).It's no real surprise to me. Despite its numerous cheerleaders, capitalism really doesn't have that much to cheer about.
One could argue that industrialism and other scientific/technological advancements and achievements have enhanced and improved the overall quality of life of the masses. Some might argue that capitalism played a key role in that process. On a practical level, perhaps capitalism served some sort of purpose in history, although it may be time to move forward from that.
Capitalism itself has changed since the bad old days of the 19th and early 20th centuries, although many reforms had to come about through revolution, upheaval, and/or government fiat. Still, there's a great deal of poverty throughout the world, along with huge disparities between rich and poor.
I think many people are looking to the future. In a world faced with climate change, a perceived dwindling of resources, and rising international tensions, I think people's priorities will start to shift. We might still have some semblance of a free market economy and private ownership, but "capitalism," in and of itself, will not be the be-all and end-all of our existence, as it seems to be for many people today.
One of the links failed. It went to a poll about USA titled "50% of Young People in the Heartland of Laissez-Faire Economics Reject Capitalism."Thoughts?
That seems a standard idea, the moving to the right with age. I wonder if it will happen given the failure of capitalism for younger people. No housing, crap jobs. Those with no stake in a society will see no need to help sustain it, but will see reasons to disrupt or break it. Imo.Give them a few years and they'll be voting for tax cuts for billionaires, keeping out migrants, and right wing culture war nonsense.
It seems many young folks have an impression of capitalism in the hardcore Victorian sense, not realising there's not just one concept or implementation of capitalism.Capitalism is not well supported in the education system so it's a system that most coming out of school don't understand. It's only actually being in the business world that people begin to get an education on capitalism. While most feel this change from socialism to capitalism is a age related phenomenon, I suspect it has more to do with experience.
Good capitalist values need to be taught to the young. Unfortunately, I don't see much hope for this in our education systems.
There's a simple solution for that. Start paying the teachers. Give them a reason to be capitalists.Good capitalist values need to be taught to the young. Unfortunately, I don't see much hope for this in our education systems.
Capitalism, even in "socialist" Europe has (once again) become hardcore. My generation (boomers) still had a perspective to life. We could become comfortable by our own work. That has changed. The outlook for life, according to all statistics, for the following generations was to have nothing more when retiring as they have/had in their twenties. The average income is stagnating, only the rich get richer.It seems many young folks have an impression of capitalism in the hardcore Victorian sense, not realising there's not just one concept or implementation of capitalism.
There's a simple solution for that. Start paying the teachers. Give them a reason to be capitalists.
When I said hardcore I was referring to ideas like dismantling the NHS and so on. I'm not defending exactly what we have now, especially not after 2008.Capitalism, even in "socialist" Europe has (once again) become hardcore. My generation (boomers) still had a perspective to life. We could become comfortable by our own work. That has changed. The outlook for life, according to all statistics, for the following generations was to have nothing more when retiring as they have/had in their twenties. The average income is stagnating, only the rich get richer.
Capitalism has failed us. And if we continue to allow it free reign, it will destroy us. Or rather, we will destroy ourselves, through it.
This is not unique to capitalism, tho.But anyone with an active brain in their head will recognize that we cannot continue allowing individuals and corporate entities to amass huge piles of wealth which they can and do use to corrupt business, government, and culture for their own advantage, and at the expense of the well-being of everyone else, and of the nation as a whole.
For not so smart, not so skilled, & not so ambitious people,It's no real surprise to me. Despite its numerous cheerleaders, capitalism really doesn't have that much to cheer about.