Mises: Choosing between capitalism and socialism is like choosing between a glass of milk and a glass of potassium cyanide

“A man who chooses between drinking a glass of milk and a glass of potassium cyanide does not choose between two beverages; he chooses between life and death. A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society.

Socialism is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings. To stress this point is the task of economics as it is the task of biology and chemistry to teach that potassium cyanide is not a nutriment but a deadly poison.”

Ludwig von Mises, Human Action, p. 676

Ludwig von Mises proved in many of his books, especially his book, Socialism: An Economic and Socialogical Analysis, that it cannot work, as history has clearly shown.  (Don’t confuse socialism with fascism. Fascism iis the partnership between government and crony capitalists–in partnership with the government.)  The reason is because under socialism the government owns all factors of production, and therefore, no voluntary exchange for goods and services can occur. Due  to no voluntary exchanged, there is no price mechanism for the bureaucrats to go by, and the bureaucrats cannot allocate resources effectively.  Effective allocations of resources can only be made from the price mechanism of voluntary exchanges. This results in eventual starvation of many people, all for the benefit of the dictatorial and controlling socialists. Socialism, and it sister fascism, are nothing but people who believe they can control the lives of others; and they cannot possibly care about people in their arrogant attitudes.  Richard Duke

Socialism: An Economic and Sociological Analysis



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