I can see how they view their failure this way. If my small sample size of interaction with millenials is any indication of a greater trend demographics will ultimately give them a sizeable majority. Almost all millenials I've interacted with are socialist pc snowflakes. They loved Bernie Sanders and have been taught no history about socialism, or how many millions of people died or suffered under it. They are almost exclusively indoctrinated with the idea that socialism is good and it is govt's role to see that what ever they want should be provided at someone else's expense.
I don't know if this trend can be broken. I used to believe that once these children got out of school and entered the workforce they would become adults but I haven't seen it.