Wage Earners and Employers
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"Are the interests of the American wage earners in conflict with those of their employers, or are the two in agreement?" The affluence of the rich in a capitalistic economy is not at the expense of the poor. Profits are plowed back into enterprise, benefiting the common man.
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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
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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.
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