Diogo Costa Warns Gen Z Embraces Price Controls as Affordability Crisis Fuels New Socialism
Updated
Updated · Fox News · Jul 28
Diogo Costa Warns Gen Z Embraces Price Controls as Affordability Crisis Fuels New Socialism
1 articles · Updated · Fox News · Jul 28
Summary
Diogo Costa, president of the Foundation for Economic Education, said a global affordability crisis is pushing Gen Z toward "cost-of-living socialism" despite still wanting to live in market economies.
Price controls on rent, groceries and transit are the clearest signs, he argued, as young voters seek government intervention they believe will ease daily costs.
AI is not the main threat to prosperity, Costa said; pessimism about jobs and weak understanding of how markets work are undermining support for capitalism even in a technological "golden age."
Brazil's 1,000%-plus annual inflation in the 1990s and strict protectionism shaped Costa's warning that each generation can forget the damage from inflation, trade barriers and other "anti-economics."