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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.

Ludwig von Mises

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Between Capitalism Choose Socialism Society System

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[E]conomic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics
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Historical knowledge is indispensable for those who want to build a better world
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For destruction is the essence of it. It produces nothing, it only consumes what the social order based on private ownership in the means of production has created.
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Create Destruction Essence Private Production Social
Private property creates for the individual a sphere in which he is free of the state. It sets limits to the operation of the authoritarian will.
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There is no means of avoiding the final collapse of a boom brought about by credit expansion.
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The only source from which an entrepreneurs profits stem is his ability to anticipate better than other people the future demand of the consumers.
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Economic prosperity is not so much a material problem; it is, first of all, an intellectual, spiritual, and moral problem.
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The fundamental law of the market is: the customer is always right.
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Freedom really means the freedom to make mistakes.
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The criterion of truth is that it works even if nobody is prepared to acknowledge it.
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Taxing profits is tantamount to taxing success.
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A higher standard of living also brings about a higher standard of culture and civilization.
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The philosophy underlying the system of progressive taxation is that the income and wealth of the well-to-do classes can be freely tapped.
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Freedom really means the freedom to make mistakes.
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