Most young people think they can transfer the morality of the family to the nation and it takes a while for them to understand the fallacy, if they ever do. A lot of PhD economists haven’t caught on.
The public school system has taught them “milk cow” economics for twelve years that says socialism is about sharing and caring while capitalism is nothing but greed. Who would want to identify with capitalism after a dozen years of such brainwashing?
But the main reason millennials oppose capitalism is that they can see how the student debt problem, lack of jobs, slow wage growth, etc. assault them, while the media, economists and conservative politicians chant daily that this is a capitalist system. Why wouldn’t they hate capitalism?
