Fewer than half of young Americans are positive about capitalism

gollum123 writes: According to a new poll from Gallup, young Americans are souring on capitalism. Less than half, 45 percent, view capitalism positively. "This represents a 12-point decline in young adults' positive views of capitalism in just the past two years and a marked shift since 2010, when 68 percent viewed it positively," notes Gallup, which defines young Americans as those aged 18 to 29. While young people have a less upbeat view on capitalism, "older Americans have been consistently more positive about capitalism than socialism," Gallup reports. Of those between 30 and 49 years old, 58 percent have a positive view of capitalism and 41 percent have a positive view of socialism. Of those aged 50 to 64, 60 percent have a positive view of capitalism and 30 percent have a positive view of socialism. "Socialism clearly sounds better as a concept to young people than to those who are older, as it has over the past eight years," Gallup notes. "Whether the appeal of socialism to young adults is a standard function of idealism at that age that dissipates as one grows older, or will turn out to be a more permanent part of the political beliefs held by the cohort of millennials who have come of age over the past decade, remains to be seen."