The Problem with Socialism

by Thomas J. DiLorenzo
Mises.org

A quarter of a century after the spectacular collapse of socialism in the Soviet empire, a large segment of the “millennial” generation (those born between 1982 and 2004) thinks socialism should be the wave of their future. A 2016 Pew Foundation poll found that 69 percent of voters under the age of 30 expressed “a willingness to vote for a socialist president,” and a 2015 “YouGov.com” poll revealed that 43 percent of young Americans between 18 had 29 had a “favorable” opinion of socialism” and prefer it to capitalism. Who says the public schools aren’t teaching the kids anything these days?

A very large segment of the younger generation obviously finds promises of “free” education, health care, and groceries promised by socialist political demagogues like Bernie Sanders and Hillary Clinton to be quite appealing.

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