Also new online is “The Clash of Groups Interests” by Mises (1945)
The characteristic features of the proprietary class are that the composition of its membership is continually changing, that entrance into it is open to everybody, that continuance in membership requires an uninterrupted sequence of successful business operations, and that the membership is divided against itself by competition. The successful businessman is not interested in a policy of sheltering the unable capitalists and entrepreneurs against the vicissitudes of the market. Only the incompetent capitalists and entrepreneurs (mostly later generations) have a selfish interest in such ‘stabilizing’ measures.
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Also just in time. It was time for the current economic and financial elite to step down, but in old feudal manner they kept their position nonetheless.
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