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Only Free Capitalism Will Save the Millennials | Antony Mueller

The outlook for the millennial generation, those who were born in the two decades before the new millennium, are bleak. Student debt is only one of the burdens. There is also a lack of attractive jobs. Even worse are the inclinations toward socialism that comes attractively packaged as more democracy. Yet there is a solution.

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The State vs. Capitalism

This way out is more capitalism. Inasmuch as free capitalism works as an engine of rising productivity, the living standards can rise. Capitalism creates wealth and promotes prosperity.

The Future Requires Capitalism

What took place with manufacturing and basic services will encompass sophisticated workplaces. Machines will take over. Job security is a thing of the past. A college degree serves no longer as an insurance policy against unemployment. Yet the new technologies contain the solution to the problems they present. While technological progress destroys occupations, innovations make the economy more productive. The key to the future is not growth and jobs but higher productivity.

Preventing Tyranny in the Age of Technology

Without a change to a libertarian order of a stateless society, the road leads to a system where the new technologies may become the deadly instruments of comprehensive state control in the hands of a totalitarian regime.

Written by

Dr. Antony P. Mueller is a German professor of economics who currently teaches in Brazil. See his website: http://continentaleconomics.com/

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