Ludwig Von Mises

The Anti-Capitalistic Mentality

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  • Olaoluwa Adejumohas quoted2 years ago
    An "anti-something" movement displays a purely negative attitude. It has no chance whatever to succeed. Its passion ate diatribes virtually advertise the program that they attack. People must fight for something that they want to achieve, not simply reject an evil, however bad it may be. They must, without any reservations, endorse the program of the market economy.
  • Olaoluwa Adejumohas quoted2 years ago
    What alone can prevent the civilized nations of Western Europe, America and Australia from being enslaved by the barbarism of Moscow is open and unrestricted support of laissez-faire capitalism.
  • Olaoluwa Adejumohas quoted2 years ago
    There exists today a sham anticommunist front. What these people who call themselves "anticommunist liberals" and whom sober men more correctly call "anti-anticommunists" are aiming at is communism without those inherent and necessary features of communism which are still unpalatable to Americans. They make an illusory distinction between communism and socialism and—paradoxically enough—look for a support of their recommendation of noncommunist socialism to the document which its authors called The Communist Manifesto.
  • Olaoluwa Adejumohas quoted2 years ago
    Whenever they raise some mild objection to communism, they are eager to abuse capitalism in terms borrowed from the objurgatory vocabulary of Marx and Lenin.
  • Olaoluwa Adejumohas quoted2 years ago
    What these self-styled "anticommunist liberals" are fighting against is not communism as such, but a communist system in which they themselves are not at the helm. What they are aiming at is a socialist, i.e., communist, system in which they themselves or their most intimate friends hold the reins of government.
  • Olaoluwa Adejumohas quoted2 years ago
    The truth is that the entrepreneurs and promoters display more intellectual faculties and intuition than the average writer and painter. The inferiority of many self-styled intellectuals manifests itself precisely in the fact that they fail to recognize what capacity and reasoning power are required to develop and to operate successfully a business enterprise.
  • Olaoluwa Adejumohas quoted2 years ago
    The first timid objections were raised only when—very late, indeed—the intellectual abettors of these policies began to realize that even enthusiastic endorsement of the totalitarian ideology did not guarantee immunity from torture and execution.
  • Olaoluwa Adejumohas quoted2 years ago
    Western society was a community of individuals who could compete for the highest prizes. Eastern society was an agglomeration of subjects entirely dependent on the good graces of the sovereigns.
  • Olaoluwa Adejumohas quoted2 years ago
    Profits are not affected. They are the gain derived from adjusting the employment of material factors of production and of labor to changes occurring in demand and supply and solely depend on the size of the previous maladjustment and the degree of its removal. They are transient and disappear once the maladjustment has been entirely removed. But as changes in demand and supply again and again occur, new sources of profit emerge also again and again.
  • Olaoluwa Adejumohas quoted2 years ago
    the universe there is never and nowhere stability and immobility. Change and transformation are essential features of life.
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