Few developments have caused as much recent consternation among advocates of free-market capitalism as various findings that millennials, compared to previous generations, are exceptionally receptive to socialism.
A recent Reason-Rupe survey found that a majority of Americans under 30 have a more favorable view of socialism than of capitalism. Gallup finds that almost 70 percent of young Americans are ready to vote for a "socialist" president. So it has come as no surprise that 70 to 80 percent of young Americans have been voting for Bernie Sanders, the self-declared democratic socialist. Some pundits have been eager to denounce such surveys as momentary aberrations, stemming from the economic crash, or due to lack of knowledge on the part of millennials about the authoritarianism they say is the inevitable result of socialism. They were too young to have been around for Stalin and Mao, they didn't experience the Cold War, they don't know to be grateful to capitalism for saving them from global tyranny. The critics dismiss the millennials' political leanings by repeating Margaret Thatcher and Ronald Reagan's mantra, "There is no alternative" (TINA), which prompted the extreme form of capitalism we now know as neoliberalism.
But millennials, in the most positive turn of events since the economic collapse, intuitively understand better. Circumstances not of their choosing have forced them to think outside the capitalist paradigm, which reduces human beings to figures of sales and productivity, and to consider if in their immediate lives, and in the organization of larger collectivities, there might not be more cooperative, nonviolent, mutually beneficial arrangements with better measures of human happiness than GDP growth or other statistics that benefit the financial class.
Indeed, the criticism most heard against the millennial generation's evolving attachment to socialism is that they don't understand what the term really means, indulging instead in warm fuzzy talk about cooperation and happiness. But this is precisely the larger meaning of socialism, which the millennial generation—as evidenced in the Occupy and Black Lives Matter movements—totally comprehends.
Capitalism has only itself to blame, forcing millennials to look for an alternative.