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Gen-Z Socialism Threatens Capitalism Amid Rising Hunger

6/9/2026

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Summary

Story summary

The Economist warns Gen-Z socialism threatens private enterprise and urges free-market liberals to stop apologising for capitalism.
Exor holds the largest stake, while Stephen Smith, who owns over a quarter, is worth $6.9 billion.
A Trussell Trust survey says 14 million UK people faced hunger last year, up from 11.6 million in 2022, with overall poverty at 21% and child poverty at 31%.
Feeding America reports one in five U.S. children lack food.

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Story summary

The Economist warns Gen-Z socialism threatens private enterprise and urges free-market liberals to stop apologising for capitalism.
Exor holds the largest stake, while Stephen Smith, who owns over a quarter, is worth $6.9 billion.
A Trussell Trust survey says 14 million UK people faced hunger last year, up from 11.6 million in 2022, with overall poverty at 21% and child poverty at 31%.
Feeding America reports one in five U.S. children lack food.