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EI Weekly Listen — Capitalism, Socialism and Democracy revisited by Niall Ferguson

The EI Podcast

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Are You Afraid of Socialism?

New York representative alexandria ocas o cortes is often portrayed as an extremist for the democratic, socialist views that she espouses. But survey dato show that her views are close to the mediun for her generation, the millennials and generation zed,. That is, americans aged 18 o 38, are burdened by student loans and credit card debt. In later life, absent major changes in fiscal policy, they seem unlikely to enjoy the same kind of entitlements enjoyed by current retirees. Under different circumstances, the under 30 nines might conceivably have been attracted to the entitlement cutting ideas of the rep an tea party - if those ideas had been sincere instead.

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