The cure for socialism is giving more Americans a stake in capitalism

With each passing election, the socialist surge is rising.

Bernie Sanders-backed Abdul El-Sayed won the Michigan Democratic Senate primary, defeating a well-funded establishment candidate.

In Wisconsin, Francesca Hong — a democratic socialist who once called for canceling Thanksgiving — came within 3,000 votes of winning her state's gubernatorial primary.

The DSA darling Zohran Mamdani is already the mayor of America’s largest city.

Some argue that socialism has hit its high-water mark and is losing momentum.

Count me skeptical.

Socialism is gaining ground because, for too many, capitalism has become a spectator sport.

The biggest reason more voters support state ownership is that fewer people are owners themselves.

Consider the numbers.

The national homeownership rate sits at 65% — down from a peak of 69.2% in 2004 and below the 25-year average.

Among Americans under 35, it has fallen to just 35.2%, down more than a percentage point from a year ago.

The generational gap is stark: Just 57% of Americans in their mid-30s own homes today compared to 64% of their parents' generation at the same age.

With the 30-year mortgage rate recently climbing 6.69%, the homeownership rate is not about to improve anytime soon.

BILLIONS SPENT BY KEY FEDERAL AGENCY HASN'T MADE AMERICAN DREAM OF HOMEOWNERSHIP ANY EASIER: REPORT The picture is similar in financial markets.