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Young Americans prefer Socialism to Capitalism: Are they right?

Screenshot from Fox Business on Youtube Why is socialism so popular among young people?
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Recently, The Gallup report, which was published on August 13, details American attitudes on socialism and capitalism. The report showed that the majority of Americans aged 18-29 prefer socialism (51%) to capitalism (45%).

Many media analysts believe that these young Americans are being brainwashed and indoctrinated over the last 40+ years by teachers indoctrinated by anti-American socialist/communist professors. Furthermore, they believe that young people should realize that Socialism is a failed model. Whereas, others argued that the word socialism is not bad, it is simply a way for everyone to participate in the responsibility of caring for their fellow human beings.

This scenario instigated a debate across social media regarding whether young Americans are right to give preference to socialism over capitalism?

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