Dear Progressives, Millennials Love Capitalism

The first point to keep in mind is that millennials, who did not live through the Cold War, do not know the actual definition of socialism. Only 16 percent can correctly define the term. Perhaps this is why about equal numbers of Americans ages 18 to 29 view the terms socialism and capitalism positively. Yet, changing the terminology to something young Americans can understand yields vastly different results. When choosing between a â??government managed economyâ? and a â??free market economy,â? millennialsâ?? support for government control plummets and twice as many prefer free markets.