Across America, capitalism is on trial. Interest in democratic socialism is surging—nowhere more visibly than in New York City, which just elected a democratic socialist mayor, Zohran Mamdani. National figures like Senator Bernie Sanders and Representatives Alexandria Ocasio-Cortez have helped normalize the label and its policy agenda with younger voters. Why does this message land so strongly with Gen Z? And is there a way to improve what we have without destroying the economic engine that has built our economy since its earliest days?

When more than half of those under 40 believe our system no longer works for them, they’re not wrong. Our young people see symptoms everywhere of an economic model that has failed to keep pace with the reality facing the vast majority of American families

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