A Quote by Ludwig von Mises

Socialism is the renunciation of rational economy. — © Ludwig von Mises
Socialism is the renunciation of rational economy.
Without calculation, economic activity is impossible. Since under Socialism economic calculation is impossible, under Socialism there can be no economic activity in our sense of the word All economic change, therefore, would involve operations the value of which could neither be predicted beforehand nor ascertained after they had taken place. Everything would be a leap in the dark. Socialism is the renunciation of rational economy.
The market economy of its own cannot destroy socialism. But to build socialism with success, it is necessary to develop a market economy in an adequate and correct way.
In the socialist commonwealth every economic change becomes an undertaking whose success can be neither appraised in advance nor later retrospectively determined. There is only groping in the dark. Socialism is the abolition of rational economy.
In all our Yogas this renunciation is necessary. This is the stepping-stone and the real centre and the real heart of all spiritual culture - renunciation. This is religion - renunciation.
In practice, socialism didn't work. But socialism could never have worked because it is based on false premises about human psychology and society, and gross ignorance of human economy.
In practice, socialism didnt work. But socialism could never have worked because it is based on false premises about human psychology and society, and gross ignorance of human economy.
Socialism is not about big concepts and heavy theory. Socialism is about decent shelter for those who are homeless. It is about water for those who have no safe drinking water. It is about health care, it is about a life of dignity for the old. It is about overcoming the huge divide between urban and rural areas. It is about a decent education for all our people. Socialism is about rolling back the tyranny of the market. As long as the economy is dominated by an unelected, privileged few, the case for socialism will exist.
Nevertheless, it is necessary to remember that a planned economy is not yet socialism. A planned economy as such may be accompanied by the complete enslavement of the individual. The achievement of socialism requires the solution of some extremely difficult socio-political problems: how is it possible, in view of the far-reaching centralisation of political and economic power, to prevent bureaucracy from becoming all-powerful and overweening? How can the rights of the individual be protected and therewith a democratic counterweight to the power of bureaucracy be assured?
Whether considered as a doctrine, or as an historical fact, or as a movemement, socialism, if it really remains socialism, cannotbe brought into harmony with the dogmas of the Catholic church.... Religious socialism, Christian socialism, are expressions implying a contradiction in terms.
We are going to give a little something, a few little years more, to socialism, because socialism is defunct. It dies all by itself. The bad thing is that socialism, being a victim of its... Did I say socialism?
Renunciation, and renunciation alone, is the real secret, the Mulamantra, of all Realisation.
Capitalism and socialism are two distinct patterns of social organization. Private control of the means of production and public control are contradictory notions and not merely contrary notions. There is no such thing as a mixed economy, a system that would stand midway between capitalism and socialism.
We mustn't fear to adopt the advanced management methods applied in capitalist countries. The very essence of socialism is the liberation and development of the productive systems. Socialism and market economy are not incompatible. We should be concerned about right-wing deviations, but most of all, we must be concerned about left-wing deviations.
Tremendous purity, tremendous renunciation, is the one secret of spirituality. “Neither through wealth, nor through progeny, but through renunciation alone is immortality to be reached,” say the Vedas. “Sell all that thou hast and give to poor, and follow me,” says the Christ. So all great saints and prophets have expressed it, and have carried it out in their lives. How can great spirituality come without renunciation?
In the last few decades we have seen the extraordinary rise of ecosocialist movements around the world inspired in large part by Marx's ecological critique of political economy. Marx was indeed influenced by some of the earliest attempts to develop what we now call an ecological-systems view, rooted in the concept of metabolism. Building on this perspective, Marx defined socialism as the rational regulation by the associated producers of the metabolism between society and nature in such a way as to conserve energy and to promote the satisfaction of human needs.
Either the USSR was not the country of socialism, in which case socialism didn't exist anywhere and doubtless, wasn't possible: or else, socialism was that, this abominable monster, this police state, the power of beasts of prey.
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