Capitalism Gets No Respect and No Thanks (von Mises)

It’s so true. In today’s world a pedophile gets more respect than a capitalist. Everything we have, including the money to support government at every level, is made possible by capitalism. Government cannot create wealth; it can only redistribute it or destroy it. Every dime the government has has been generated by the private ( i.e. capitalist) sector. So if you’re getting food stamps, or welfare in any other form, you have capitalism to thank for it.

Capitalism, it turns out, is the ultimate form of social justice.   But, you’ll never hear this from the lame-stream media, or even the most ardent conservative/libertarian politicians. Nor will you hear it in any of the hallowed halls of academia. Should anyone dare challenge the prevailing campus ideology, they risk ostracism, threats to persons and property, loss of employment, administrative disciplinary action, or even bodily harm.

In any corner of the world, you’ll find few, if any, open supporters of capitalism or free enterprise.  It’s just too risky to your life and livelihood.

We all owe a debt of the gratitude to the late economist/philosopher, Ludwig von Mises (29 September 1881 – 10 October 1973).  Von Mises, along with Carl Menger and Friedrich Hayek, is one of the founding fathers of the Austrian School of Economics. Mises wrote and lectured extensively on behalf of classical liberalism. He is best known for his work on praxeology, a study of human choice and action.

His masterpiece,  Human Action, is considered the very best economics text by lovers of liberty everywhere.  His crowning achievement was his induction into the Artful Dilettante Hall of Fame in 2016.  He was among the original inductees.

Capitalism Gets No Respect and No Thanks (von Mises)

One thought on “Capitalism Gets No Respect and No Thanks (von Mises)

  1. Pingback: Capitalism Gets No Respect and No Thanks (von Mises) | THE ARTFUL DILETTANTE

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