Wednesday, May 11, 2011

"Socially Conscious" Literature - Ludwig von Mises - Mises Daily

"Socially Conscious" Literature - Ludwig von Mises - Mises Daily: "They fail to realize that the shocking circumstances they describe are the outcome of the absence of capitalism, the remnants of the precapitalistic past, or the effects of policies sabotaging the operation of capitalism. They do not comprehend that capitalism, in engendering big-scale production for mass consumption, is essentially a system of wiping out penury as much as possible. They describe the wage earner only in his capacity as a factory hand and never give a thought to the fact that he is also the main consumer either of the manufactured goods themselves or of the foodstuffs and raw materials exchanged against them."

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