> Always good to see minorities making progress to increase their population numbers.
No need to be racist because young people have observed that capitalism has failed (fertility rates for all races in the US are converging at historic lows because childbearing decisions are memetically influenced. they are shaped by the decisions peers make and the examples they see around them in everyday life [per <a href="https://news.ycombinator.com/item?id=46230576">https://news.ycombinator.com/item?id=46230576 post contents], but let us save that for another thread, cut a new one if you'd like and we can cover that ground there).
A bit of cognitive dissonance imho that wealthy people and capitalism supporters thought the capital aggregation machine could run forever based on decomposing the existing system state when a majority of Americans cannot meet their basic needs on their incomes and the only thing that would fix that would be their income going up. Support for unions is also at record highs, for obvious reasons.
Olds will keep aging out (~2M/year 55+ cohort), young people will keep supporting socialism as long as capitalism in its current form keeps squeezing them for profits with nothing left to show for it (~$5T/year in profits from the US, concentrated to the ~10% of American households who hold ~93% of equities). Lots of wealth comes from systemic economic exploitation, and progress is being made to reduce that economic exploitation. If it destroys wealth, that's fine, wealth is not the target, quality of life is. Wealth is undemocratic power and control beyond a threshold.
> Most notably, positive ratings of capitalism and free enterprise are higher among older than younger age groups, while positive views of socialism are lower. Adults aged 18 to 34 view socialism more positively than capitalism (57% vs. 43%, respectively), while those aged 55 and older view capitalism more positively than socialism by an even larger margin (65% vs. 34%). Adults aged 35 to 54 rate the two systems about the same.
Older folks got lucky with asset appreciation and good cashflow opportunities (needed to acquire assets that appreciated) over the last 50 years, and so they're happy with the dysfunction because it worked out for them. They will support capitalism through their rigid mental model and their votes (and therefore, political influence) until they age out and are replaced through electorate turnover with younger people who were not so lucky and so have different socioeconomic views based on the current macro and the forward trajectory versus history.
In 2025, 49 percent of adults under age 30 lived with a parent [pdf] - <a href="https://news.ycombinator.com/item?id=49810905">https://news.ycombinator.com/item?id=49810905 - September 2026
(think in systems, almost the same system as religious folks rapidly aging out in the US: <a href="https://news.ycombinator.com/item?id=49644302">https://news.ycombinator.com/item?id=49644302 ; capitalism is just another religion and belief system aging out)
spottedmarley · · focus · HN ↗
[dead]
toomuchtodo · · focus · HN ↗
No need to be racist because young people have observed that capitalism has failed (fertility rates for all races in the US are converging at historic lows because childbearing decisions are memetically influenced. they are shaped by the decisions peers make and the examples they see around them in everyday life [per <a href="https://news.ycombinator.com/item?id=46230576">https://news.ycombinator.com/item?id=46230576 post contents], but let us save that for another thread, cut a new one if you'd like and we can cover that ground there).
A bit of cognitive dissonance imho that wealthy people and capitalism supporters thought the capital aggregation machine could run forever based on decomposing the existing system state when a majority of Americans cannot meet their basic needs on their incomes and the only thing that would fix that would be their income going up. Support for unions is also at record highs, for obvious reasons.
Olds will keep aging out (~2M/year 55+ cohort), young people will keep supporting socialism as long as capitalism in its current form keeps squeezing them for profits with nothing left to show for it (~$5T/year in profits from the US, concentrated to the ~10% of American households who hold ~93% of equities). Lots of wealth comes from systemic economic exploitation, and progress is being made to reduce that economic exploitation. If it destroys wealth, that's fine, wealth is not the target, quality of life is. Wealth is undemocratic power and control beyond a threshold.
> Most notably, positive ratings of capitalism and free enterprise are higher among older than younger age groups, while positive views of socialism are lower. Adults aged 18 to 34 view socialism more positively than capitalism (57% vs. 43%, respectively), while those aged 55 and older view capitalism more positively than socialism by an even larger margin (65% vs. 34%). Adults aged 35 to 54 rate the two systems about the same.
Older folks got lucky with asset appreciation and good cashflow opportunities (needed to acquire assets that appreciated) over the last 50 years, and so they're happy with the dysfunction because it worked out for them. They will support capitalism through their rigid mental model and their votes (and therefore, political influence) until they age out and are replaced through electorate turnover with younger people who were not so lucky and so have different socioeconomic views based on the current macro and the forward trajectory versus history.
Citations:
<a href="https://datawrapper.dwcdn.net/xyWs8/gallupchart.png" rel="nofollow">https://datawrapper.dwcdn.net/xyWs8/gallupchart.png
In 2025, 49 percent of adults under age 30 lived with a parent [pdf] - <a href="https://news.ycombinator.com/item?id=49810905">https://news.ycombinator.com/item?id=49810905 - September 2026
<a href="https://news.ycombinator.com/item?id=49700907">https://news.ycombinator.com/item?id=49700907
<a href="https://news.ycombinator.com/item?id=49357337">https://news.ycombinator.com/item?id=49357337
<a href="https://news.ycombinator.com/item?id=49027462">https://news.ycombinator.com/item?id=49027462
<a href="https://news.ycombinator.com/item?id=46529387">https://news.ycombinator.com/item?id=46529387
<a href="https://news.ycombinator.com/item?id=45851620">https://news.ycombinator.com/item?id=45851620
(think in systems, almost the same system as religious folks rapidly aging out in the US: <a href="https://news.ycombinator.com/item?id=49644302">https://news.ycombinator.com/item?id=49644302 ; capitalism is just another religion and belief system aging out)