A Quote by Ludwig von Mises
The capitalist system, in spite of all obstacles put in its way by governments and politicians, has raised the standard of living of the masses in an unprecedented way.
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The truth is that capitalism has not only multiplied population figures, but at the same time, improved the people's standard of living in an unprecedented way. Neither economic thinking nor historical experience suggests that any other social system could be as beneficial to the masses as capitalism. The results speak for themselves. The market economy needs no apologists and propagandists. It can apply to itself the words of Sir Christopher Wren's epitaph in St. Paul's: Si monumentum requires, circumspice.
Capitalism has been called a system of greed—yet it is the system that raised the standard of living of its poorest citizens to heights no collectivist system has ever begun to equal, and no tribal gang can conceive of.
Capitalism is essentially a system of mass production for the satisfaction of the needs of the masses. It pours a horn of plenty upon the common man. It has raised the average standard of living to a height never dreamed of in earlier ages. It has made accessible to millions of people enjoyments which a few generations ago were only within the reach of a small élite.
Most people cherish their very existence and try their best to live a life worth living. In spite of the seemingly insurmountable obstacles in our way, we somehow hope against hope and find a way to be as life-affirming as humanly possible! How? Love!
In spite of the anticapitalistic policies of all governments and of almost all political parties, the capitalist mode of production
There is no western, capitalistic country in which the conditions of the masses have not improved in an unprecedented way.
The gold standard did not collapse. Governments abolished it in order to pave the way for inflation. The whole grim apparatus of oppression and coercion, policemen, customs guards, penal courts, prisons, in some countries even executioners, had to be put into action in order to destroy the gold standard.
Ultimate authority in a global system remains with sovereigns. Governments will not have it any other way: politicians face instant rejection from their electorate if they allow transnational authorities to dictate terms.
We do not have to get rid of consumer-capitalist society before we can begin to build the new way. The way to replace the old system is to ignore it to death.
The way we get past capitalism is by building on the healthy non-capitalist aspects of our world while we also do pitched battle with the capitalist ones that we have a fair chance of winning against. In that way we build a better world and shrink the destructive capitalist practices that are part of the social fabric.
I've always said that Miguel Pinero's story is a quintessential American tale. An immigrant who comes to this country, is immediately marginalized to the lowest economic level and persecuted because of his skin color and, in spite of all the obstacles put in his way, he becomes a huge popular success.
What is reflected in the way this behavior is happening - in the way that minorities are treated, and the way that the incarceration system works, and the way that even the police are treated, and the way they're paid, and the way they're trained, and the whole educational system.
With virtually no knowledge of or interest in history, the masses simply take their unprecedented high living standards under capitalism for granted.
The abandonment of the gold standard made it possible for the welfare statists to use the banking system as a means to an unlimited expansion of credit. In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. Deficit spending is simply a scheme for the hidden confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard.
The best way to destroy the capitalist system is to debauch the currency.
You never choose the way that you're raised, it's just the way that you were raised, but you do get to a certain age where you're in a position to question the expectations of you and the way that you've been formed by your surroundings.
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