Sunday, July 15, 2012

Mises on Why Capitalism is to Blame for Everything Bad in this World

This is a hilariously funny quotation from Ludwig von Mises on why capitalism is to blame for everything bad in this world!

Mises writes that
nothing is more unpopular today than the free market economy, i.e., capitalism.  Everything that is considered unsatisfactory in present-day conditions is charged to capitalism.  The atheists make capitalism responsible for the survival of Christianity.  But the papal encyclicals blame capitalism for the spread of irreligion and the sins of our contemporaries, and the Protestant churches and sects are no less vigorous in their indictment of capitalist greed.  Friends of peace consider our wars as an offshoot of capitalist imperialism.  But the adamant nationalist warmongers of Germany and Italy indicted capitalism for its "bourgeois" pacifism, contrary to human nature and to the inescapable laws of history.  Sermonizers accuse capitalism of disrupting the family and fostering licentiousness.  But the "progressives" blame capitalism for the preservation of allegedly outdated rules of sexual restraint.  Almost all men agree that poverty is an outcome of capitalism.  On the other hand many deplore the fact that capitalism, in catering lavishly to the wishes of people intent upon getting more amenities and a better living, promotes a crass materialism.  These contradictory accusations of capitalism cancel one another.  But the fact remains that there are few people left who would not condemn capitalism altogether.