New Poll Finds Most Millennials Reject Capitalism
A majority of millennials now reject capitalism, poll shows In an apparent rejection of the basic principles of the U.S. economy, a new poll shows that most young people do not support capitalism.
A majority of millennials now reject capitalism, poll shows In an apparent rejection of the basic principles of the U.S. economy, a new poll shows that most young people do not support capitalism.
I guess to make a broader point, so often in the past there's been a sharp division between left and right, between capitalist and communist or socialist. And especially in the Americas, that's been a big debate, right? Oh, you know, you're a capitalist Yankee dog, and oh, you know, you're some crazy communist that's going to take away everybody's property. And I mean, those are interesting intellectual arguments, but I think for your generation, you should be practical and just choose from what works. You don't have to worry about whether it neatly fits into socialist theory or capitalist theory -- you should just decide what works.
The JLP is considered the more conservative and consistent party and has always espoused the free market system. During the 1970s and 80s it was vehemently anti-communist and pro-U.S.A.The JLP just won control of the nation's government by running on job creation and tax cuts.
Hillary Clinton: Capitalism is out of balance, needs a reset Hillary Clinton wants to hike capital gains taxes as part of her plan to discourage short-term thinking among corporate executives and investors. The Democratic presidential front-runner laid out her plan to retool the tax treatment of investment earnings on Friday as part of an ongoing series of speeches fleshing out her economic program. She proposed extending from one to two years the period that top earners would need to hang on to an investment before seeing the 39.6% tax rate applied to it start to fall. And she would lower the rate slowly, over a six year period, down to the 24% rate for longer-term investments — a tweak that she said would help refigure a system that’s bent itself out of shape over the last few decades. Capitalism itself, she said, “needs to be reinvented, it needs to be put back into balance.”
...The drop in the pope's favorable rating is driven by a decline among Catholics and political conservatives, two groups that have been ardent supporters of the modern papacy. Seventy-one percent of Catholics say they have a favorable image of Francis, down from 89% last year. Pope Francis' drop in favorability is even starker among Americans who identify as conservative -- 45% of whom view him favorably, down sharply from 72% last year. This decline may be attributable to the pope's denouncing of "the idolatry of money" and linking climate change partially to human activity, along with his passionate focus on income inequality -- all issues that are at odds with many conservatives' beliefs.Why the plunge? As an independent conservative who is also Catholic, I must admit I am none too thrilled at the attacks on capitalism as a "structurally perverse" global economic system. I assert that these remarks that are too political and secular for a man who should be focused on more spiritual matters.
As a big fan of capitalism, I am fascinated by the concept of crowdfunding, whereby individuals network and pool their money via websites to support potentially profitable enterprises initiated by savvy entrepreneurs. It's small-scale venture capitalism! Perhaps the best known crowdfunding enterprise is Kickstarter, which offers a...
Producers of high-tech products from MRI scanners to semiconductors are breathing a sigh of relief after U.S. lawmakers acted on Thursday to prevent the shutdown of a 90-year-old helium reservoir in Texas. The U.S. Senate vote was hardly a squeaker, at 97-2, to keep the Federal Helium Program running past its scheduled closure on October 7. The House of Representatives voted earlier in the year to keep the reserve running, but without action in the Senate panic set in, triggering some frantic lobbying. More than 100 organizations, universities and companies, including Siemens, Philips, Samsung, and General Electric, wrote to Congress last week urging it to keep the reservoir open or risk a disruption to the U.S. economy, putting millions of jobs at risk.Helium is a key industrial gas, which has a lot of useful properties that also make it a very hard-to-obtain commodity. It is lighter than air, which is great for balloons...but also a property that allows and easy escape from Earth's atmosphere. It is an inert, non-reactive gas, which is useful in applications that must be kept dry and oxygen-free, but that also means helium can't be "trapped" by forming other compounds and then extracted chemically.
Where Congress once mandated that the federal government keep a reserve of this crucial gas, it reversed course several decades later. In 1996, Congress moved to privatize the federal helium program, requiring all of the government’s helium supplies to be sold off by 2015. "The legislation in 1996 says we were supposed to get out of the helium business," says Joe Peterson, the Bureau of Land Management’s assistant field manager for helium in Amarillo. "The hope was by 2015, by the time the reserve was sold down, that new sources of helium would be online and take up the demand. However, it has not happened yet."
From Kevin Rennie's Daily Ructions: Greenwich, Connecticut resident Thomas Peterffy takes to the airwaves today to speak of the blessings of freedom. He’s an authority. Peterffy was born, according to Forbes, in Hungary in 1944 “during a Russian bombing raid.” He made it to America in...
Today would be Milton Friedman's 100th birthday. I've played this video before, but it's particularly timely in light of the "you didn't build that" narrative which has become the foundation of the Obama campaign taken from Elizabeth Warren who took it from George Lakoff. ...
From The NY Times: While his campaign advisers generally agree that Mr. Romney must explain his work at Bain, they are wary of engaging in an exhaustive public examination of the nearly 100 deals he was involved in, anxious that it could bog him down in...
I knew that my position on Bain Capital would fray some relationships in the conservative blogosphere, but this post by Don Surber took me by surprise, Why Republicans Oppose Capitalism: Newt and Rock Perry are trying to divide the party in a way I never imagined. I thought the...
Any criticism of Bain, much less a criticism of how our possible nominee ran the firm, is an attack on free markets and capitalism. Or so we are being told. No, it's not. I have been almost alone against the chorus of "Newt's anti-capitalist": Bringing up Romney’s...
We don't know all of the details of how Bain conducted its business under Mitt Romney, but we do know that in at least several instances the conduct was to squeeze out cash while leaving behind a failed company. In many other instances Bain helped...
As you know, I'm visiting here. And one thing I've noticed is that there are quite a few homeless people. Why are the people of San Francisco so heartless? They must all be Tea Party supporters. Why don't the politicians here care about the poor? They must be Republicans. How can...
Todd Young is on my Top 10 List, running against incumbent Baron Hill in Indiana-09 district.Hill embodies the arrogance which has characterized Democratic Party control of Congress for the past several years:[youtube=http://www.youtube.com/watch?v=HtmgQ2W3lhM?fs=1]New polling shows that the race is a toss-up. Via The Hill, Rep. Baron...
We are in the process of nationalizing and/or federalizing vast stretches of our economy, including the auto industry, banks, and health care. Individual property rights have taken a back seat to political priorities.I am against this trampling of individual property rights, which are the foundation...
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