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Conor Lynch — Bernie Sanders, the socialist revival and the unexpected upsurge of millennial Marxism

Summary:
Though the 75-year old senator played an essential role in demystifying socialism to the public and instilling a radical spirit in the progressive movement, the current resurgence of class politics on the left has been in the works for many years, going back to the 2007-08 financial crisis. It hasn’t been white-haired socialists who have provided the foundation for this resurgence, but young people who grew up in the era of neoliberalism. This was evident last week, when progressive millennials flocked to Chicago for the biannual Democratic Socialists of America (DSA) convention, where delegates came together to vote on various resolutions for the party. In the past year, the DSA has tripled its membership, and what is particularly telling about this growth is that the average age of

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Though the 75-year old senator played an essential role in demystifying socialism to the public and instilling a radical spirit in the progressive movement, the current resurgence of class politics on the left has been in the works for many years, going back to the 2007-08 financial crisis.
It hasn’t been white-haired socialists who have provided the foundation for this resurgence, but young people who grew up in the era of neoliberalism. This was evident last week, when progressive millennials flocked to Chicago for the biannual Democratic Socialists of America (DSA) convention, where delegates came together to vote on various resolutions for the party. In the past year, the DSA has tripled its membership, and what is particularly telling about this growth is that the average age of DSA members has dropped by half virtually overnight, from 64 in 2015 to just 30 today.... 
Salon
Bernie Sanders, the socialist revival and the unexpected upsurge of millennial Marxism
Conor Lynch
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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