.WASHINGTON, November 6, 2017 –. How millennials view socialism is the basis of a new study released by the research firm YouGov and Washington DC-based Victims of Communism Memorial Foundation. The study reviews millennials views toward socialism and communism.
The study concluded that about half of all Millennials said they would rather live in a socialist or communist country rather than a capitalistic democracy like in the US.
While scholars will factually argue that the US is really a Republic and not a Democracy, the reality is that the US has a Democratic government system. This means the majority of the voters regularly decide on leaders. That means if leadership is not acceptable to the people, they can change elected officials every two or four years.
Millenials don’t understand economics
The study also revealed that most millennials don’t understand the definitions of the economic systems. Briefly and without considering the implications, the definitions are relatively simple.
In Communism, there is government ownership of all means of production and most property, and government control of markets. The government also controls the distribution of income.
In Socialism, private ownership owns the means of production and property. The markets and the distribution of income under government control. In Capitalism the means of production and property are almost exclusively owned privately, essentially by individuals. The markets and distribution of income are set by market forces with almost no interference by the government.
Millennials seem to embrace the concept of government control. They appear to do so because they feel more secure. They say that in many Socialist countries like Denmark, citizens tend to be the happiest in the world. Denmark’s brand of Socialism provides free healthcare and free college for every citizen.
Denmark also has a $25 per hour minimum wage and people work on average, about 35 hours per week. And the average household pays more than 60% of their income to taxes.
Are people in Socialistic countries really happier?
According to studies, people living in Denmark, as well as the other Scandinavian countries, tend to be happier than people living in Capitalistic countries.
Happiness is measured based on the GDP per capita, life expectancy, freedom to make choices, generosity, and perception of corruption. Factors not applied to the GDP are are the real corruption level, ability to keep what an individual has earned, and the ability to seek self-esteem and self-actualization.
In that study, individual success is not a measure of happiness.
Nonetheless, studies rank the US 14th in happiness with Norway, Denmark, Iceland, Switzerland and Finland occupying the top five spots.
Scandinavian countries don’t seek to be exceptional.
The US was founded as a separate country in 1776. The primary reason was that people had a strong desire for more freedom. They also sought governance by officials who were freely elected, by the majority of the people.
The goal was to end taxation without representation.
The constitution was so that Americans could pursue goals of life, Liberty and the pursuit of happiness. That meant the individual had to take on more responsibility for their welfare instead of having the government control their welfare. The emphasis was on individual responsibility and less on social responsibility, at least for those who can care for themselves.
These views led to the birth of American exceptionalism.
There are many definitions of “American exceptionalism.” Scholar Ian Tyrell says that the term “refers to the special character of the United States as a uniquely free nation based on democratic ideals and personal liberty.”
Tyrell notes that the term was originally coined by Marxists who tried to explain why the U.S. bypassed the rise of socialism and Marxism. The obvious reason was that socialism and Marxism are inconsistent with the American character, so under normal times, neither could thrive in the U.S.
These, however, are not normal times.
Under the Obama administration, which vowed to fundamentally change America, federal legislation, policy, and regulation have attacked and undermined the foundations of American exceptionalism. Presumably, the well-intentioned policy has increased the number of Americans dependent on the government.
Government overlords restrict freedom and personal liberty but do add a sense of security. Excessive regulations over a business in the marketplace is inconsistent with “a uniquely free nation based on democratic ideals.”
The benefits of American exceptionalism are obvious: The U.S. has the world’s largest and strongest economy, the most powerful military, and a free society that is the envy of the world. Americans generally have more opportunity and a higher quality of life than most of the rest of the world. And we are only 241 years old.
Millennials are misguided by the promise of security and equality. Since the US economy has not seen a reasonable annual economic growth of at least 3% since 2005, most millennials have never seen the benefits of a strong, growing, a free-market oriented economy that provides an opportunity for all Americans.
It is no wonder that millennials now favor an economic system which is un-American and runs counter to the principles of American exceptionalism. That’s why removing the unnecessary regulations, lowering tax rates for all Americans and shifting the country back from the fundamental transformation of the last eight years, is so important.
It is truly time to make America exceptionally great again.
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