Aye. I'm one of those old enough to remember the fall of the Warsaw Pact (heck, I changed my major - was aerospace engineering - when it happened because of the job market impact I foresaw). It absolutely astounds me how quickly a new and mis-educated generation has arisen decrying capitalism and proclaiming socialism/communism all over again. You can tell them they are being stupid. You can explain to them how they are being foolish. But I have a feeling they are just going to have to experience it the hard way, all over again. I just wish they wouldn't take the rest of us with them into the economic toilet bowl.
That's because communism fights a slow cultural war, infiltrating the media, universities, politics, even religion, and very gradually changing the mindset of people without telling it's communism. When you least expect, you are living in a socialist country. That's known as the strategy of Antonio Gramsci, who makes Machiavelli look like an innocent fool.