From Zerohedge, two polls are cited with overlapping percentages. 58% favour socialism; 64 percent favour a free market.
While Zerohedge is correct that socialism is not a free market, it is wrong to suggest only capitalism can be a free market. Before capitalism, we had free markets; free markets have always been a thing.
What we’re perhaps seeing is an end to a political ideology: Classical liberalism. That end cannot come soon enough. I believe it was the Cold War and the one-directional television/radio communication that created such fanaticism as we have today among the Hippie generation.
“Third Way” ideas are not some degradation of a perfect ideology; they are a return to sanity. Millennials might not know what socialism is, but they’re right to reject classical liberalism.
Addendum: Perhaps another factor that encourages rigid classical liberalism is the overfocus on a single historical period for political values, rather than appreciating multiple periods.