Socialism versus Free Market Exchange
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Description
Human beings are collaborators with each other. Socialism is one kind of cooperation of people. One thing determines the socialist organization. It is the lack of freedom and the complete obedience to a Fuehrer (leader). Not surprisingly, everyone considers themselves to be part of the ruling group, forcing others to submit.
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Mises explains why socialism always fails due to the absence of a free market pricing structure for capital goods.
Published 01/24/72
Published 01/24/72
Mises explained why socialism always fails due to the absence of a free market pricing structure for capital goods. Presented in 1971, Ron Paul alludes to this speech in his book End the Fed.
Published 01/24/72