Europe Undergoing Pro-Capitalist Sea Change?

Apparently there’s a growing trend in Europe: capitalism. From Newsweek:

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.

2 Comments
  1. Well, as a former french high-school student with an “ES” major – Economical & Social – I can tell you that Ehssan Dariani’s experience of economical studies (although mine were pure basics) is the same as the one I had in France a few years back.

    The climate of fear and doubt towards “laissez-faire”, liberalism and capitalism in general (in both economy and society) in western Europe seems to be really grounded in an uterly biased educational system. A system which speaks for itself: archaic because no reforms whatsoever were allowed by allmighty unions, equalitarian in the sense that everybody is to be no less or no more than the average and irrelevant since it is almost totally disconnected from the “monde du travail” (the world of work) as “we” like to call it.

    Anyway, many thanks from a frenchman who still remembers that in his country’s motto – “Liberty, Equality, Fraternity” – the first and most important word is Liberty.
    Keep it up!

  2. After 75 years of European academics teaching exclusively from the Marxist Manifesto, it’s no wonder there’s a sea change like that going on in Europe.

    Those academics had to die-off for anyone to hear anything different.

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