Sunday, May 1, 2016

New Poll: CAPITALISM IS NOT WORKING for most citizens. Young Americans Speak.

http://www.alternet.org/economy/new-poll-shows-majority-young-americans-oppose-capitalism

Let’s face it, young Americans are fed up with the economic status quo. If this fact is not evident enough from the groundswell of millennial support for Bernie Sanders, perhaps a Harvard University poll released Monday will do the trick.
According to the results, 51 percent of young adults aged 18-29 oppose capitalism in its current form. By contrast, only 42 percent of people drawn from a pool of 3,183 individuals—selected by KnowledgePanel, a probability-based database designed to be representative of the U.S. population—opted in favor of the global economic order.
Unfortunately however, like a broken-down car without an auto repair shop in sight, the results showed no consensus regarding an alternative solution. As George Monbiot pointed out recently in his attack on neoliberalism, neither do any of the world’s economists.
In light of this, it makes sense that the only candidate with a vision that holds a remote bit of optimism for the majority of American youth would be Bernie Sanders (Sanders being the most favorable candidate with a rating of 54 percent). But even in that case, as the Harvard poll showed, not everyone is in agreement. With only 33 percent of young respondents saying they supported socialism, the poll’s most evident result was that young people remain undecided when it comes to an optimal path forward.
On the issue of increasing government intervention to regulate the economy, roughly one in three respondents said this would be effective. A mere 26 percent also believed government spending would increase economic growth. In contrast, almost half of the respondents were in agreement that “basic health insurance is a right for all people” and that “basic necessities, such as food and shelter, are a right that the government should provide to those unable to afford them."

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