Millennials are socialists for a reason part 2

Last week I wrote about the power of family values and envy to direct the political philosophies of young people and how that has become apparent in the tilt of millennials towards socialism. There is another reason why millennials are more socialist, although it may be a rationalization for it than a cause. That is the socialist propaganda that asserts the US and UK are free market economies.

An article at project-syndicate.org, “The Case Against Free-Market Capitalism” by Ngaire Woods, perpetuates the myth:

Free-market capitalism is on trial. In the United Kingdom, Labour Party leader Jeremy Corbyn accuses neoliberalism of increasing homelessness, throwing children into poverty, and causing wages to fall below subsistence level....

Just a quarter-century ago, the debate about economic systems – state-managed socialism or liberal democracy and capitalism – seemed to have been settled. With the Soviet Union’s collapse, the case was closed – or so it seemed.

Since then, the rise of China has belied the view that a state-led strategy will always fail, and the global financial crisis exposed the perils of inadequately regulated markets.” Woods calls the US “the paragon of free-market democracy.