Mises’ Smash of Socialism, 100 Years Later (Ep. 1583)

from TomWoodsTV

In 1920 Ludwig von Mises published “Economic Calculation in the Socialist Commonwealth,” an article that demolished the foundations of socialism in its original, no-private-property-in-the-means-of-production form. In this episode I explain Mises’ thesis, and then show how the problems he identified in classical socialism persist to some extent under any state of any kind.

Sponsor: Policy Genius

Show notes for Ep. 1583