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Welcome to the IEA Podcast. The Institute of Economic Affairs is the UK’s original free market think tank, founded in 1955. Our mission is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. Given the current economic challenges facing Britain and the wider global environment, it is more vital than ever that we promote the intellectual case for a free economy, low taxes, freedom in education, health and welfare and lower levels of regulation. We hope you enjoy listening!
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Friday Jul 16, 2021
Are young people more socialist?
Friday Jul 16, 2021
Friday Jul 16, 2021
IEA Communications & Marketing Assistant, Kieran Neild-Ali, sat down with IEA Head of Political Economy Dr Kristian Niemietz to discuss his latest paper 'Left turn ahead' which includes polling that suggests younger people hold negative attitudes towards capitalism and favour socialist alternatives.
Kieran asked Kristian whether holding negative views towards capitalism was justified in the current climate, with young people being excluded from home ownership, jobs and good pay. Kristian argued that socialist solutions, which have high approval amongst young people, would do more harm than good. Instead, proponents of the free market must encourage radical policy solutions, like reforming planning, to end the housing crisis and win back the youth from socialism.
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