New IEA research, titled ‘Left Turn Ahead?’ and authored by Head of Political Economy Dr Kristian Niemietz,analyses the economic attitudes of Millennials and Generation Z towards socialism and capitalism. Young people associate ‘socialism’ predominantly with positive terms, such as ‘workers’, ‘public’, ‘equal’ and ‘fair’. Very few associate it with ‘failure’ and virtually nobody associates it with Venezuela, the erstwhile showcase of ‘21st Century Socialism’. Capitalism, meanwhile, is predominantly associated with terms such as ‘exploitative’, ‘unfair’, ‘the rich’ and ‘corporations’. Introduce them to Dr Who and take them back to the 30’s of the last century. Okay we’d lose the war, but a lot of them would wake up, just a little bit too late I guess!
Jul 2021. Kids want Socialism
