Venezuela Admits They Can’t Pay Debt, Millennials Still Prefer Socialism

During the same week that Venezuelan President Nicolás Maduro admitted that his socialist government is unable to pay its debts, a poll came out showing a stunning number of American millennials would prefer to live in a socialist country versus a capitalist one like America.

Conducted by YouGov for the Victims of Communism Memorial Foundation, the poll specifically found that a 44 percent plurality of American millennials would rather live in a socialist country.

Conversely, only 42 percent of millennials prefer a capitalist society over a socialist one, while a 7 percent minority prefer a communist society and a 7 percent minority prefer a fascist one.

This isn’t good.

A couple days after the poll’s release earlier this week, a report from CNN on Friday revealed that Maduro’s government cannot afford to pay its debts and has therefore begun seeking to restructure them. The report warned, though, that if Maduro’s government is unable to reach a deal with its bondholders, even more havoc could soon erupt through the already ravished nation.

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As noted by CNN, “Venezuela is already deep into a humanitarian crisis, with people suffering from food and medical shortages. Many can’t afford to buy basic items because prices are skyrocketing faster than wages. The country’s currency, the bolivar, is worth less than a tenth of a U.S. penny.”

And all this is because of the country’s socialist policies, i.e., those policies preferred by a 44 percent plurality of millennials. How could so many of our kids support such garbage? Because, frankly, they know nothing.

The YouGov poll found that only 51 percent of millennials were able to correctly identity capitalism, while only 29 percent were able to identify communism and 33 percent able to identify socialism.

This means a 71 percent majority of millennials have no clue what communism really is.

Speaking with MarketWatch, the foundation’s executive director, Marion Smith, blamed this “troubling turn” on historical illiteracy and, more importantly, “the systemic failure of our education system to teach students about the genocide, destruction, and misery caused by communism since the Bolshevik Revolution one hundred years ago.”

This isn’t surprising, given the type of lunatics who now serve as our children’s teachers.

It’s nevertheless very troubling, for these kids represent our future — and unless they wake up from their slumbers sooner rather than later, it’s conceivable these sick ideologies could one day seep into our own political system.

“This is a dire warning that we need to do a better job of educating young Americans about history and the blessings of liberty that have imperfectly, but ultimately, flourished in this country,” warned The Daily Signal editor Jarrett Stepman in a column published after the poll’s release.

Indeed.

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