“Once in a lifetime one must have been a Marxist”, we used to joke at my former workplace, the newsroom of a liberal German newspaper, and there is some truth in that joke. One has to believe first in Marxism in order to reject it later. At high school I had to come to grips with concepts like the historical and dialectical materialism, and later, while studying political sciences, I felt for a short moment the fever of revolution when it came to demonstrating against the World Economic Forum in Munich. But by then I had already studied enough of Karl Marx’s works (and Lenin’s for that matter), to conclude that although Marx correctly diagnosed the problems of capitalism, he got it all wrong when it comes to the remedies. And he had greatly underestimated the inventiveness and flexibility of capitalism.