Works Published inMises Daily ArticleQuarterly Journal of Austrian Economics
Antony P. Mueller is a German professor of economics who currently teaches in Brazil. See his website www.capitalstudies.org or send e-mail to: email@example.com.
The aim is no longer the "dictatorship of the proletariat," because this project has failed. The new goal is "the dictatorship of the intellectuals."
Without fundamental reforms towards a market economy, the future of Brazil looks bleak.
Errors about profits, capitalists, and inequality continue to drive socialism's popularity.
Even a degenerate capitalism produces more prosperity than the best socialism. Therefore, the task ahead cannot be to remove capitalism in favor of socialism but to make capitalism better.
Few customers put much thought into just how much work the capitalist risks to bring products to market — without any guarantee the customer will buy anything at all.