Steve Faktor, a prominent futurist and author, recently highlighted a growing sentiment among younger generations feeling "priced out of capitalism" and exploring "discredited alternatives." In a tweet, Faktor urged, "Everyone should read this YouTube comment thread to understand why the younger generation feels priced out of capitalism and toying with discredited alternatives." He linked to a YouTube video, suggesting the comments offer a raw insight into this societal shift.
Numerous studies and polls corroborate Faktor's observation, indicating a significant decline in positive views of capitalism among Millennials and Gen Z. A 2025 Gallup poll revealed that only 40% of those aged 18 to 29 view capitalism favorably, the lowest among all age groups. This marks a substantial drop from earlier decades, reflecting widespread dissatisfaction with current economic conditions.
The disillusionment stems from several key factors impacting young adults. Crushing student debt, soaring housing costs, and precarious job markets are frequently cited as primary drivers. Many in these generations feel that traditional pathways to economic stability, such as homeownership and secure employment, are increasingly out of reach, leading to a sense of hopelessness regarding their financial future.
As a result, there's a noticeable increase in openness towards alternative economic systems, particularly socialism. A 2021 report by the Institute for Economic Affairs found that 67% of younger Britons would like to live in a socialist economic system. Similarly, a 2023 Pew Research Center study indicated that younger adults are more likely to have a positive impression of socialism compared to older generations, often associating it with meeting basic needs and addressing inequality.
Online platforms like YouTube have become significant venues for these discussions, allowing young people to share experiences and perspectives on economic hardships. Comment sections often feature candid conversations about financial struggles, critiques of corporate power, and exploration of various economic theories, providing a direct window into the evolving societal attitudes that Faktor referenced.