Capitalism and Millennials: The 2018 James Q. Wilson Lecture

Edward L. Glaeser addresses the challenges of convincing skeptical millennials and younger Americans about the merits of capitalism in the Manhattan Institute's 2018 James Q. Wilson lecture. Young people in the United States are moving steadily to the left. A recent Harvard University poll found that 51 percent of Americans between ages 18 and 29 don't support capitalism. The trend is visible on the ground, too. Phenomena driven largely by millennials—such as Occupy Wall Street, the Bernie Sanders presidential campaign, and, more recently, the wave of Democratic Socialist candidates for state and federal office--are all signs of an intellectual shift among the young. Video of this lecture can be found at the Manhattan Institute website. Edward L. Glaeser is the Fred and Eleanor Glimp Professor of Economics at Harvard University (where he has taught since 1992), a senior fellow at the Manhattan Institute, and a contributing editor of City Journal.