A new Harvard University poll shows that young Americans are fed up with capitalism and feel it has outlived itself, the Alter Net website reports today (May 1, 2016).
According to the results, 51 percent of young adults aged 18-29 oppose capitalism in its current form. By contrast, only 42 percent of people drawn from a pool of 3,183 individuals -- selected by Knowledge Panel, a probability-based database designed to be representative of the U.S. population -- opted in favor of the global economic order.
Unfortunately, the results showed no consensus regarding an alternative solution. (Obviously, communism or even socialism are not viewed as viable alternatives for replacing capitalism.)
On the issue of increasing government intervention to regulate the economy, roughly one in three respondents said this would be effective. Also, almost half of the respondents were in agreement that "basic health insurance is a right for all people" and that "basic necessities, such as food and shelter, are a right that the government should provide to those unable to afford them."
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