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Gen Z turns against capitalism as DSA takes off (thehill.com)
submitted 2 days ago by to c/politics@lemmy.world
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Only 9 percent of Americans younger than 30 have a “very positive” view of capitalism, according to a new CBS/YouGov poll.

That shows a stark generation between Generation Z and older generations.

The data arrives amid a surge in democratic socialist victories across the U.S. — and not just in progressive corners of the country. Florida state Rep. Angie Nixon (D) on Tuesday beat out the more moderate Alex Vindman (D) in the Democratic Senate primary in Florida, a state known for its sunshine, not socialism.

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[–] 1 point 1 day ago (2 children)

Yes, I agree. And the problem with anything else is that it doesn't work at all. lol.

But that's the point of heavily regulated capitalism - to keep those influences in check. And it works, more or less, in some of the highest rated countries in the world (i.e. the US is not in that list) - think where the scan the navy in. :)

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  • [–] 1 point 1 day ago

    There is something that works better though. Co-ops offer a path towards democratic control of the economy and it is more than just idealistic.

    Greater job stability than traditional businesses
    Higher productivity
    Higher profits
    More resiliant during economic downturn
    Decrease in inequality
    Greater job satisfaction

    https://www.oliverwyman.com/our-expertise/insights/2018/aug/why-the-us-needs-more-worker-owned-companies.html

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  • [–] 2 points 1 day ago (1 child)

    Yes, I agree. And the problem with anything else is that it doesn't work at all. lol.

    According to who? China is a socialist government where the state has the power to take control over the means of production of any corporation in the country. It has gone from one of the poorest nations on the planet to one of the greatest super powers in a few decades.

    Cuba has survived as a socialist nation and has done so despite being neighbors with a country that's been stepping regime change for over 50 years.

    Vietnam defeated the most powerful country in history and has dragged itself out of poverty....

    of heavily regulated capitalism - to keep those influences in check. And it works, more or less, in some of the highest rated countries in the world (i.e. the US is not in that list) - think where the scan the navy in. :)

    Yes..... The point is once people accumulate enough wealth they can influence the government that is regulating the economy. The countries who follow the Nordic model also have the benefit of being relatively small populations who control a vast amount of or natural resources, which allow them to create large sovereign wealth funds.

    Evenso wealth and income inequalities are already rising in these nations. Right winged parties have already started to gain traction in a lot of these countries due to immigration scares.

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  • [–] 1 point 1 day ago (2 children)

    Cuba had struggled - although US sanctions are a big part of that - but they have somewhat recently started allowing some small businesses more officially.

    China is pretty capitalist these days. Sure, lots of central control. They are very much not communist or socialist.

    Vietnam I don't know as well, but they seem pretty capitalist to me, but I will refrain comment.

    :shrug: I'm not changing my opinion that the most successful countries use capitalism, but also that capitalism unfettered leads to really bad problems, too. Thus I go back to highly regulated capitalism. heh.

    I don't totally disagree with you by any means, but I do end up with somewhat different conclusions. I can see your point, but I see my own point, too. lol.

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  • [–] 1 point 8 hours ago

    I'll disagree with you on China at leat a little. They can plan long-term. And execute well losing money now but known it well payoff in the long run. That isn't really capitalism.

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  • [–] 2 points 1 day ago

    Cuba had struggled - although US sanctions are a big part of that - but they have somewhat recently started allowing some small businesses more officially.China is pretty capitalist these days. Sure, lots of central control. They are very much not communist or socialist.

    Socialism is the transitional period between capitalism and Communism. Just because a socialist country has a mixed economy does not mean it isn't socialist. So long as the government has the ability to control the means of production then it is a socialist country.

    I'm not changing my opinion that the most successful countries use capitalism

    It depends on how you are defining success. If you are judging it by acquisition of capital, then yeah..... But we must be honest and realize that has only been possible by exploiting their own citizens, and by involving themselves with decades if not hundreds of years of imperialism over the southern hemisphere.

    Thus I go back to highly regulated capitalism.

    Highly regulated capitalism is still dependent on exploitation of the 3rd world.

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