▲ 8 r/Capitalism
Why Socialism Fails: From Mises's 1920 Article to Today
An excellent summary of the Misesian critique of Socialism. Murphy and Newman go over the nuances of the various critiques of socialism while clearing the air about the profound conclusion of Mises: socialism is not about its difficulty, it is a logical contradiction of what it means to economize. A socialist economy is a contradiction of terms.
u/Tathorn — 1 day ago