What’s on the mind of the ruling class these days?
If the pages of The Economist are a reliable indicator, it’s the specter of “Gen Z socialism”: the rising support among young people for taxing billionaires, socializing the economy, and stopping the genocide in Gaza, as evidenced by the popularity of politicians like New York Mayor Zohran Mamdani, England’s Green Party leader Zack Polanski, or French presidential candidate Jean-Luc Mélenchon.
Earlier this summer, the magazine dedicated a whole issue to “fighting back” against this “threat to prosperity,” calling on fellow free-market liberals to “stop apologizing” and level a “punchier defense of capitalism.” The rage bait worked: the magazine’s mailbox was flooded with critical responses, a selection of which it later published in a section titled “Were we too quick to attack Gen Z socialism?”Earlier this summer, The Economist dedicated a whole issue to ‘fighting back’ against ‘Gen Z socialism,’ a ‘threat to prosperity.’
What’s on the mind of the ruling class these days? If the pages of The Economist are a reliable indicator, it’s the specter of “Gen Z socialism”: the rising support among young people for taxing billionaires, socializing the economy, and stopping the genocide in Gaza, as evidenced by the popularity of politicians like New York Mayor Zohran Mamdani, England’s Green Party leader Zack Polanski, or French presidential candidate Jean-Luc Mélenchon. Earlier this summer, the magazine dedicated a whole issue to “fighting back” against this “threat to prosperity,” calling on fellow free-market liberals to “stop apologizing” and level a “punchier defense of capitalism.” The rage bait worked: the magazine’s mailbox was flooded with critical responses, a selection of which it later published in a section titled “Were we too quick to attack Gen Z socialism?”
Earlier this summer, The Economist dedicated a whole issue to ‘fighting back’ against ‘Gen Z socialism,’ a ‘threat to prosperity.’
