[OT] Dry writers and economic systems
Lulu of the Lotus-Eaters
mertz at gnosis.cx
Tue Feb 25 02:56:52 CET 2003
Steve Holden wrote:
> I often wonder whether socialism might not have been more popular if
> it had been presented in less ponderous (not to say turgid) prose.
Alex Martelli <aleax at aleax.it> wrote previously:
|Capitalism did survive despite the turgid prose of Von Mises, no?-)
I would say that capitalism DID NOT survive Von Mises. Every existing
national economy--including (or especially) those that most tout
capitalism--have substantial state involvement in corporate affairs.
For the most part, these amount to providing a "safety net" for the
super-rich; but all aspects of regulation, infrastructure, IP
protection, tariffs, tax subsidies of sectors, and just plain government
spending, contradict Von Mises notion of what a capitalist economy would
be. In fact, state sectors are larger, as GDP percentage, in the most
ideologically capitalist countries than they were in the formerly-
existing or still-existing socialist nations.
I'm not sure old Ludwig deserves all the credit though. But John
Maynard, it must be observed, was certainly a more lithe writer.
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