Wealth of Nations — Part 5: Markets

I like to quote Ludwig von Mises to my socialist friends (who also do double-duty as the enemies of humanity in keeping with their ideology). Mises wrote, “A man who chooses between drinking a glass of milk and a glass of a solution 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.”

Socialism Equals Misery

That it’s not mere exaggeration and hyperbole is clear from the fate of socialist economies, both contemporary and of the past. Socialism impoverishes nations. But why? Because socialism does not use markets to conduct economic activities. Instead of voluntary exchange in free markets, socialism uses force and coercion, command and control. That leads invariably to the disintegration of society.

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