"When 70% of Millennials say they are pro-socialist, we need to do better than simply dismiss them by saying that they are stupid or entitled or brainwashed; we should try and understand why."
"If you proletarianize the young people, you shouldn't be surprised if they eventually become communist,"
"So in some relative sense, they're more socialist, even though I think it's more just: 'Capitalism doesn't work for me. Or, this thing called capitalism is just an excuse for people ripping you off,'"
Peter Thiel warned that rising millennial sympathy for socialism reflects deeper economic and housing dynamics rather than mere ideology. A viral five-year-old email urged tech leaders to understand why about 70% of Millennials say they are pro-socialist instead of dismissing them. Thiel blamed strict zoning and construction limits for appreciating boomers’ property values while making homeownership difficult for younger generations. He cautioned that creating a proletarianized youth can provoke radical responses and questioned whether young people are ideologically socialist or simply disillusioned because capitalism appears to fail them. Recent elections focused on cost-of-living and housing affordability underscore these political consequences.
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