Why (some) millennials are embracing socialism

The author of the attached article, the former CEO of Office Depot Steve Oland, is right on the money. In the face of a deeply crony economic and political system, one which walls off opportunity for many while unfairly rigging the game for the few, it is natural for relatively politically unsophisticated young people to bend their ears to the siren song of socialism. That crony capitalism is itself a form of socialism in many regards is lost unfortunately on many. That the current activist government, one which has grown nearly unchecked for 85 years is the reason one has a hard time getting ahead is often not understood. GE, Goldman Sachs, Boeing, Caterpillar, Berkshire Hathaway, General Motors, Diamler Chrysler, Google, Citibank, Dow Chemical, Monsanto, ADM, are all partners with big government. Government feeds these entities. It doesn’t keep them in check. The marketplace does that. Government, for all its regulators, and laws, and Dodd-Frank, and the Community Reinvestment Act, and the EPA, and the FDA, etc. FACILITATES cronyism and insulates the incumbent players. It is the market which creates new opportunities. Not government. Socialism is more of the same.

But socialism is a about giving people “free” stuff, so as we said it is an easy sell to the politically unsophisticated.




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