Further, it is mentioned that
Adults under 30 are essentially evenly divided: 37% prefer capitalism, 33% socialism, and 30% are undecided.
I once heard a quote: "If you're old and liberal, you have no money. If you are young and conservative you have no heart."
Young people have always been more liberal (read: socialistic, idealistic) than their older counterparts. This is exactly what the trends in the Rasmussen poll show!
So when Yglesias says:
The generational change here is interesting.I have to ask what exactly he means by change? 20-somethings are more socialist than old people? Seems like business as usual to me!
If there has been a shift towards acceptance of socialism, it is because the Democratic party has done a great job of making people believe the following equation: economic collapse + greed + George Bush + AIG execs / your 401k = capitalism. When really, it should be like this: hard work + sound investment + freemarket capitalism = comfortable retirement.
And while I am doing math equations to describe policy, here's socialism:
your tax dollars/everyone else - your hard work - your personal freedom + government inefficiency + bureaucracy*infinity - happiness = future
That's right. bureaucracy*infinity. Happy Friday!