Nazi Germany was a socialist state, not a capitalist one and socialism, understood as an economic system based on government ownership of the means of production, positively requires a totalitarian dictatorship.
George Reisman
George Reisman, Ph.D., is Pepperdine University Professor Emeritus of Economics and the author of Capitalism: A Treatise on Economics. See his Amazon.com author's page for additional titles by him.
Visit his website capitalism.net and his blog atGeorgeReismansBlog.blogspot.com. Watch his YouTube videos and follow @GGReisman on Twitter.
Ludwig von Mises: Defender of Capitalism
Ludwig Von Mises is important because his teachings are necessary to the preservation of capitalism and thus of civilization.
The Outlook for the Future of Capitalism (Part 10 of 10)
Let the advocates of capitalism proceed in the knowledge not only that socialism is dead, but also that what the world still needs to learn is why capitalism deserves to live.
A General Campaign at the Local Level for Laissez-Faire Capitalism (Part 9 of 10)
What would be required to restore New York to its former prosperity and greatness would be the combination of the elimination of public welfare, the abolition of rent controls, and the privatization of the city’s transportation system.
The Separation of State from Religion, Science, and Education (Part 8 of 10)
The system of public education could be abolished over the course of a generation, in a way that need not impose financial hardship on the parents of any child alive at the time of the abolition’s commencement.
A Pro-Capitalist Foreign Policy (Part 7 of 10)
In the present-day world, a procapitalist foreign policy is indistinguishable from a pro-American foreign policy.
Establishment of Gold as Money (Part 6 of 10)
The establishment of gold as money is essential to the achievement of a capitalist society.
Abolition of Income and Inheritance Taxes Under Capitalism (Part 5 of 10)
A possible way to start on the elimination of the income/inheritance tax right now would be to fight for the immediate adoption of a universal exemption of at least 51 percent of everyone’s income from federal, state, and local income taxation under all circumstances.
Capitalism and the Abolition of the Welfare State (Part 4 of 10)
The savings of individuals would steadily replace taxes as the source of provision for old age.
The Freedom of Production and Trade Under Capitalism (Part 3 of 10)
An appropriate vehicle for the establishment of the freedom of production and trade, whether all at once or gradually, would be the establishment of one last regulatory-type agency: the Deregulation Agency.
Privatization of Property: Importance of Fighting on Basis of Principles (Part 2 of 10)
The privatization of property is the most fundamental aspect of a procapitalist political program
Toward the Establishment of Laissez-Faire Capitalism (Part 1 of 10)
If such a laissez-faire capitalist society is to be achieved, a political movement pursuing a long-range program will be necessary.
The Intellectual Assault on Economic Activity and Capitalism, Part 2 of 2
Economics proves the existence of a harmony of the rational self-interests of all participants in the economic system—a harmony which permeates the institutions of private ownership of the means of production, economic inequality, and economic competition.
The Intellectual Assault on Economic Activity and Capitalism, Part 1 of 2
Capitalism is denounced as “an anarchy of production,” a chaos ruled by “exploiters,” “robber barons,” and “profiteers,” who “coldly,” “calculatingly,” “heartlessly,” and “greedily” consume the efforts and destroy the lives of the broad masses of average, innocent people.
Capitalism and the Economic History of the United States
The development of all the institutional features of capitalism is well illustrated by the economic history of the United States.
Capitalism and the Origin of Economic Institutions
Economic progress is the leading manifestation of yet another major institutional feature of capitalism: the harmony of the rational self-interests of all men, in which the success of each promotes the well-being of all.
Capitalism and Freedom Require Government
The existence of freedom under laissez-faire capitalism requires the existence of government.
The Philosophical Foundations of Capitalism
The greatest era of capitalist development—the last two centuries—has taken place under the ongoing cultural influence of the philosophy of the Enlightenment.
Voice of Capitalism
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