Why Socialism Fails: A Misesian Perspective

Socialism, regardless of its guarantees of equality and social welfare, inherently fails as a consequence of its lack of ability to carry out financial calculation and its reliance on coercive management over the technique of manufacturing. Ludwig von Mises, in his seminal work “Socialism: An Financial and Sociological Evaluation,” gives a complete critique of socialism’s flaws rooted in each financial and […]



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