The Trial Lawyer Winter 2018 - Page 75

Capitalism Has Failed And The Free Market Is Dead By Farron Cousins According to recent polling, American citizens between the ages of 18 and 29 have a more favorable view of socialism than they do capitalism, 51% to 45%. This is based on polling data presented in late August 2018. If those same polls were taken today, just a few months later, the number of Americans who disapprove of capitalism would likely be much higher. The reason that the younger generation is losing their faith in capitalism is because it has never worked for them. They came of age during the economic meltdown of 2007 when big banks were ripping off consumers left and right, gambling away their retirement savings, and then receiving massive federal bailouts and zero days in prison for their crimes. The images of bankers on Capitol Hill begging for a bailout are burned into their brains, and they won’t soon forget how the government turned their backs on the