If every time the government intervenes (known as economic interventionism) into the broader economy there is an eventual wave of resulting economic pain, and if the political and academic classes continue to describe our system as free market or capitalistic, then the entirely predictable result is a mass embrace of socialism as the solution to said economic pain.
The adoration of socialism by the younger generation is not merely a result of their natural ignorance on these matters; though because they are products of a highly bureaucratized and pro-government system, this is obviously the case. Rather, the espousal is a result of what they have been taught via schools, news, entertainment, political speeches, and other sources of intellectual influence. They have been taught both that we live in a free market, and that government is always the remedy.
Because the narrative is that we live in a free market, the benefit to the political class is twofold. 1) people can blame capitalism instead of government for economic pains; 2) Solutions must always come in the form of new government activity, since that has yet to be tried.
Thus, the masses currently clamor for the utopias of socialism to free them from the evils of capitalism, all while living under the rotten system of interventionism.