Socialism as a means for improving the condition of man is impossible.
Richard M. Ebeling
“If only I was dictator, I know how to set things right.”
Regardless of the reason or rationale, the social effect of affirmative-action policies is to politicize social relationships. And the consequences of this have been everything from systems of privilege and corruption to mob violence and civil war.
Eighty years ago, in the midst of the Second World War, Austrian-born economist Joseph A. Schumpeter published one of his most famous books, Capitalism, Socialism, and Democracy (1942). A central question that he asked and tried to answer was, “Can Capitalism Survive?”
Ludwig Von Mises’s devastating critique of why a socialist economic system must always be inferior to capitalism.
Whether at least part of Ukraine survives as a free and independent country when this war ends, or whether that will have to wait until some time in the future, Ukrainians will have to plan for the reconstruction of their economy at some point in the future. The economic policy agenda for such a reconstruction is at least partly at hand, and can be found in the writings of the Austrian economist, Ludwig von Mises.
The desire of “spreading the wealth” and for government to plan and regulate people’s lives is as old as the utopian fantasy in Plato’s Republic.
What passes for “deregulation” or market-based reform has limited connection with any call for a truly laissez-faire capitalist United States.
There is, today, a new chorus of voices once again calling for a socialist future of increased political paternalism and forms of centralized economic planning.
It is vital for the history of socialism not to be forgotten by those fortunate enough not to live under its reality of terror, tyranny, and social disaster, less history tragically repeat itself.
Carl Menger’s Free Market Advice to an Austrian Crown Prince
In the wilderness of the New World, the Plymouth Pilgrims had progressed from the false dream of communism to the sound realism of capitalism.
Looking over that list of hundreds of branches of the federal government also makes clear the absurdity and total misinformation of those who daily insist that America is a wild land of unregulated “laissez-faire,” where anything goes, with government being some small, poor, and starved appendage to an “out-of-control” free market.
For the government to do things “for you,” it must have the power to do things “to you.”
Joe Biden’s demagoguery, arrogant impatience, and dictatorial manner do not and cannot change reality. At the end of the day, his policies can only lead to a financial and economic disaster.
Virtually every politician runs for office on a campaign platform that promises to extend concrete and specific benefits to various selected groups through the taxing or regulating powers of government.
Nothing says you really “care” in politics as a demand to spend $1 trillion of other people’s money on “essential” public “need.”
The thought of living within a balanced budget sends a frightening shiver down almost every politician’s spine.
George Orwell famously coined the term “newspeak” in his 1949 anti-utopian futuristic novel, 1984, in which commonsense words were reversed in their meaning. Biden’s latest executive order provides a modern illustration of “newspeak” in the 21st century.
The “monkish ignorance and superstition” of today is the misplaced belief that the individual is to be sacrificed to the group, the collective, to the nation – as long as the banner under which it is done is called “democracy” or “social justice.”
Voice of Capitalism
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