Apparently there’s a growing trend in Europe: capitalism. From:
Europe could use more people like Ehssan Dariani. The 26-year-old entrepreneur runs a hot Internet start-up called studiVZ””Europe’s fastest-growing social network for university students. Since setting up in a cheap Berlin loft only last fall, he’s already hired 25 people. Yet when Dariani looks back at his high-school days, a decade ago in the west German city of Kassel, he remembers his teachers warning against exactly what he’s doing. “They taught us the market economy was a dangerous wilderness full of risk and bankruptcy,” Dariani says. “We never learned how prices affect supply and demand, only about evil managers and unjust wages.” If he’d listened to his teachers, he’d be among the vast majority of German students who dream of becoming civil servants or fitting into the comfortable hierarchy of a traditional corporation. Instead he set out and created some desperately needed jobs.
Such blatant disinformation sheds new light on the debate over why it is that Europeans lag so far behind Americans in rates of entrepreneurship and job creation. It also helps explain widespread resistance among Europeans to accepting even the smallest reforms of their highly regulated economies. But recently there appears to be a small but growing backlash against the popular vilification of capitalism. Unthinkable only a decade ago, business associations, think tanks and a whole slew of capitalist and libertarian activists, many only in their 20s and 30s, are leading a tiny but noisy counterattack. Their common goal: making sure the next generation of Europeans is less in tune with Karl Marx and more with Adam Smith.
Good news to hear about the birthplace of capitalism.