This argument is often brought up as “proof” that socialism doesn’t work, yet completely ignores the reality of late-stage capitalism.

Of course boomers love capitalism when in the 60s a factory worker could easily pay off a huge house, two brand new cars every 3 years, and support a family of 5 on a single income.

But that isn’t capitalism today. Young people are working themselves into the ground just to share a room in a house with 6 other people, barely able to put food on the table.

What do you suppose the current generation will say about capitalism when they get old?

Wealth is flowing from poor people to rich people at an ever increasing rate. It’s no wonder alternative economic systems are gaining in popularity.