A Quote by Ludwig von Mises
Capitalism means free enterprise, sovereignty of the consumers in economic matters, and sovereignty of the voters in political matters. Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the government in its capacity as central board of production management.
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In authoritarian societies, control over the production, distribution, and circulation is generally in the hands of the government, or what might be termed traditional modes of political sovereignty. But in neoliberal societies, sovereignty is often in the hands of major corporations that now have power over not only the production of knowledge but also over the implementation of policies that bear down on matters of life and death, living and surviving.
The emblem of equal rights. It means free hands, free lips, self- government, and the sovereignty of the individual.
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.
Democratic capitalism: A cooperative enterprise to earn enough money to buy enough Congressional influence to gain control over the government's guns so as to get even more money for your special-interest group.Social democratic capitalism: A cooperative enterprise to promise sufficient government benefits to enough voters to gain control over the government's guns so as to keep any other special-interest group from getting as much power as yours.
There is simply no other choice than this: either to abstain from interference in the free play of the market, or to delegate the entire management of production and distribution to the government. Either capitalism or socialism: there exists no middle way.
What vitiates entirely the socialists economic critique of capitalism is their failure to grasp the sovereignty of the consumers in the market economy.
In
the creation of the federal government, the states exercised the
highest act of sovereignty, and they may, if they please, repeat the
proof of their sovereignty, by its annihilation. But the union possesses
no innate sovereignty, like the states; it was not self-constitute d; it
is conventional, and of course subordinate to the sovereignties by
which it was formed.
Government-to-government foreign aid promotes statism, centralized planning, socialism, dependence, pauperization, inefficiency, and waste. It prolongs the poverty it is designed to cure. Voluntary private investment in private enterprise, on the other hand, promotes capitalism, production, independence, and self-reliance.
Who knew, in 2000, that compassionate conservatism meant bigger government, unrestricted government spending, government intrusion in personal matters, government ineptitude, and cronyism in disaster relief? Who knew, in 2000, that the only bill the president would veto, six years later, would be one on funding stem-cell research? A more accurate term for Mr. Bush's political philosophy might be incontinent conservatism.
I define socialism as the government controlling the means of production. I don't think the answer to some of the big vesting problems we have in this country are to solve them entirely with a government-only solution.
Science has made unrestricted national sovereignty incompatible with human survival. The only possibilities are now world government or death.
All 'isms' run out in the end, and good riddance to most of them. Patriotism for example. [...] If in the interest of making sure we don't blow ourselves off the map once and for all, we end up relinquishing a measure of national sovereignty to some international body, so much the worse for national sovereignty. There is only one Sovereignty that matters ultimately, and it is of another sort altogether.
A single currency means a single government, and that single government would be the government whose policies determined every aspect of economic life.
A traffic jam is a collision between free enterprise and socialism. Free enterprise produces automobiles faster than socialism can build roads and road capacity.
Free trade is the serial killer of American manufacturing and the Trojan Horse of world government. It is the primrose path to the loss of economic independence and national sovereignty. Free trade is a bright, shining lie.
Radicals, on the other hand, want to advance from the jungle of laissez-faire capitalism to a world worthy of the name of human civilization. They hope for a future where the means of economic production will be owned by all of the people instead of just a comparative handful. They feel that this minority control of production facilities is injurious to the large masses of people not only because of economic monopolies but because the political power inherent in this form of centralized economy does not augur for an ever expanding democratic way of life.
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