There is no doubt that people who identify as democratic socialists are making large gains in the Democratic Party. They control mayoral offices in major cities like New York and Seattle and are going to be a force in the next Congress, having seen enormous success in the Democratic Party congressional primaries.

What is so startling about the rise of Democratic Socialism is not that young people are realizing that the economy is rigged against them. It absolutely is. What is concerning is the lack of an accurate assessment of how it is rigged. Young people who believe in the vision of Democratic Socialism will often say that the fault of their economic struggles is the “billionaire class,” and their ownership over such vast amounts of wealth relative to the rest of us.