Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!
Expand chart

Data: YouGov, Victims of Communism; Note: Number of Gen Z respondents: 303, Millennial: 554, Gen X: 494, Boomer: 587, Silent: 162; Chart: Axios Visuals

Young Americans continue to lose faith in capitalism and embrace socialism, according to a new YouGov/Victims of Communism Memorial Foundation survey of more than 2,000 Americans 16 years and older.

Why it matters: Bernie Sanders, a self-avowed democratic socialist, is one of the top presidential candidates in the 2020 Democratic field. His flagship health care proposal, Medicare for All, has driven the national conversation and moved the Democratic Party significantly to the left — even among candidates like Elizabeth Warren who consider themselves capitalists.

The big picture: 50% of millennials and 51% of Generation Z have a somewhat or very unfavorable view of capitalism — increases of 8 and 6 percentage points from last year. Meanwhile, the share of millennials who say they are "extremely likely" to vote for a candidate who identifies as a socialist doubled.

  • Nearly half of Gen Z and millennial respondents said they felt the U.S. economic system worked against them — more than other generations. They've grown up in a capitalist country where economic inequality has continued to climb.
  • Many are burdened with college debt, have seen little wage growth and face the threat of job loss due to automation — all while the top 1% continue to accumulate wealth.
  • Socialism and communism also don't bring the same negative associations and memories that they have for older generations. Even the oldest millennials were just children when the Berlin Wall fell.

By the numbers: 19% of millennials and 12% of Gen Z said they thought the Communist Manifesto "better guarantees freedom and equality for all" than the Declaration of Independence. That's compared to just 2% of baby boomers and 5% of Gen X.

  • Just 7% of boomers said they had at least a "somewhat favorable" view of communism — compared to more than a third of millennials and more than a quarter of Gen Z.

The bottom line: Young people's political views often change as they grow older, but their support for socialist ideas and leaders is a sign that the old rules of politics are changing fast.

Go deeper

Woman who allegedly stole laptop from Pelosi's office to sell to Russia is arrested

Photo: FBI

A woman accused of breaching the Capitol and planning to sell to Russia a laptop or hard drive she allegedly stole from Speaker Nancy Pelosi's office was arrested in Pennsylvania's Middle District Monday, the Department of Justice said.

Driving the news: Riley June Williams, 22, is charged with illegally entering the Capitol as well as violent entry and disorderly conduct. She has not been charged over the laptop allegation and the case remains under investigation, per the DOJ.

Biden will reverse Trump's attempt to lift COVID-related travel restrictions

Photo: Tasos Katopodis via Getty

The incoming Biden administration will reverse President Trump's last-minute order to lift COVID-19 related travel restrictions, Jen Psaki, the incoming White House press secretary, tweeted.

Why it matters: President Trump ordered entry bans lifted for travelers from the U.K., Ireland, Brazil and much of Europe to go into effect Jan. 26, but the Biden administration will "strengthen public health measures around international travel in order to further mitigate the spread of COVID-19," Jen Psaki said. Biden will be inaugurated on Wednesday, Jan. 20 and Trump will no longer be president by the time the order is set to go into effect.

Dominion sends cease and desist letter to My Pillow CEO Mike Lindell

Photo: Stephen Maturen/Getty Images

Dominion Voting Systems on Monday sent a cease and desist letter to My Pillow CEO Mike Lindell over his spread of misinformation related to the 2020 election.

Why it matters: Trump and several of his allies have pushed false conspiracy theories about the company, leading Dominion to take legal action. It's suing pro-Trump lawyer Sidney Powell for defamation and $1.3 billion in damages, and a Dominion employee has sued Trump himself, OANN and Newsmax.