With nearly half of all Americans preferring Socialism over what we have now, they don’t even realize they are actually living under it
Perhaps the biggest irony of the 21st century is coming from a new poll in which 40%, or nearly half of all Americans, voted that they would prefer to live under a Socialist system of economics than a Capitalist one. ¬†And the irony comes from the fact that most of these individuals don’t even realize that they are already living under a mostly Socialist system, and have for the past 70 years.
The American Culture and Faith Institute recently conducted a survey of adults 18 and older. It shows not only how deeply divided Americans are on some issues but also how their view of the nation stands in many cases in stark contrast to our nation‚Äôs founding principles. Most Americans (58 percent) see themselves as politically moderate, while a quarter identify as conservative, and 17 percent as liberal. Those who were both socially and fiscally conservative, the group tracked by the ACFI in greatest detail, were 6 percent of the population.
But those differences don‚Äôt reveal the greatest divide and danger to America‚Äôs future. ‚ÄúThe most alarming result, according to [George] Barna, was that four out of every ten adults say they prefer socialism to capitalism,‚ÄĚ the ACFI noted in its commentary on the poll. ‚ÄúThat is a large minority,‚ÄĚ Barna said, ‚Äúand it includes a majority of the liberals ‚ÄĒ who will be pushing for a completely different economic model to dominate our nation. –¬†National Review
It is these numbers, and particularly in the Demography of the Millennial generation, that is leading to the rise of Socialist candidates for President like Bernie Sanders and soon to be Elizabeth Warren.
But sadly for the intellectually illiterate, America hasn’t been a purely capitalist country for over 100 years. ¬†Today much of the ‘capital’ that is infused into the economy is done so using taxpayer money under the authority of the Federal Government, as denoted by President Trump’s call for a trillion dollar infrastructure package during his campaign, and now Presidency.
Additionally, the United States government spends more on healthcare, welfare, and retirement benefits than any other nation in the world, and this doesn’t include programs like the Small Business Administration which functions in the capacity of private banks in often being the lender of choice for entrepreneurs and small business building.
No, America is today a amalgamation of Crony Capitalism and welfare-based Socialism. ¬†And all the Millennials, and those crying for the destruction of the current system in favor of virtually free everything, have to do is look at how easy it was for them to borrow hundreds of thousands of dollars without collateral to go to college, to perhaps wake up to the reality that they already live under a strong Socialist economy, and that a return to real capitalism is what they would truly desire if they had the intellect to realize it.
Kenneth Schortgen Jr¬†is¬†a writer for¬†The Daily Economist,¬†Secretsofthefed.com,¬†Roguemoney.net, and¬†Viral Liberty, and hosts¬†the popular¬†youtube podcast¬†on Mondays, Wednesdays and Fridays.¬†Ken can also¬†be heard Wednesday afternoons giving an weekly economic report on the¬†Angel Clark radio show.