Understand—there is nothing new or mysterious in what Mises advocates. I am very familiar with the Mises and the Austrian school. I also know that the Mises website is in the top 20/30 most read websites on political economy in the world.
The resurgence in interest in his work of this intellectual pygmy is no mystery at all. Tens of millions of capitalist apologists who cannot bring themselves to accept the failure of capitalism have desperately turned to the Austrian school in the hope that a solution can be found to the current crisis that will see America retain its position of pre-eminence. Vane hopes Capitalism is wrought within inner contradictions that cannot be resolved, whether you adopt the economic policies of Keynes, Freidman or Mises. If you really understood political economy, you would know that Mises proposals not only do not resolve these contradictions but actually exacerbate them. The turn to Mises and the accusations of socialist Obama are the response of desperate individuals to blame something for the failure of capitalism that doesn’t question the viability of this out-lived system. On Aug 6, 9:11 am, Bruce Majors <[email protected]> wrote: > I doubt you could understand Mises > > And you can't spell > > Another internet tard > > > > On Wed, Aug 5, 2009 at 5:55 PM, "Lone Wolf" <[email protected]> wrote: > > > Ha--The only people more desperate (and stupid) to blame the failure > > of capitalism on socialism than conservatives are Libertarians--are > > you one of them? > > > You read too much Lee Rockwell and Von Mises--two of the biggest > > economic idiots in the history of mankind. There are no stocks and > > bonds--no stock exchange under socialist socio-economic relations. > > Conservatives and Libertarians are forever attempting to potray > > socialism as a rework, a reformed capitalism. > > > Socialism requires the complete ownership of all industry and natural > > resources by the workers and the abolishment of all nations > > states......ie no more America, China etc. (to call Socialists > > statists it a further display of abysmal ignorance) > > > If you are going to criticize something at least criticize what it > > is.ie what socialist are advocating, instead of basing your inane > > comments on Lew Rockwell disinformation. > > > On Aug 6, 7:30 am, Bruce Majors <[email protected]> wrote: > > > yea yea yea > > > > then socialism is capitalism where workers can buy stocks,i.e., it is > > > capitalism > > > > and Obama is a statist, which is what all socialists are > > > > On Wed, Aug 5, 2009 at 5:29 PM, "Lone Wolf" <[email protected]> wrote: > > > > > Why Obama is no socialist > > > > > by Steven Strauss > > > > > Obama's no socialist. Socialism is a not-for-profit economic system > > > > under workers' control, whose purpose is to meet the needs of the > > > > majority of people. Everyone shares the abundance they produce. > > > > Decisions are made democratically, through genuine participation from > > > > the producers. > > > > > The new U.S. president would be the first to agree this is not what he > > > > stands for. In this time of economic crisis, Obama's job is to rescue > > > > the profit system. He calls for "more competitive" U.S. corporations. > > > > In other words, autoworkers and others should give up even more of > > > > their pensions, wages, health insurance and retiree benefits, in order > > > > to be "competitive" with anti-union, low-wage companies at home and > > > > abroad. > > > > > Obama's economists find billions of taxpayer's dollars to bail out the > > > > bankers and brokers, but have no plan to provide universal employment > > > > and retirement security. His healthcare plan is the same as today's — > > > > profit-based for the welfare of insurance companies. He is silent on > > > > the racist U.S. justice system, and on Mumia Abu-Jamal, the radical > > > > Black journalist framed for murder during the Reagan era. > > > > > Obama wants to leave 50,000 U.S. troops in oil-rich Iraq and expand > > > > military operations in Afghanistan and Pakistan. > > > > > What socialism is not. Socialist-haters and skeptics typically > > > > proclaim that: • Socialism is big government — by definition > > > > inefficient and invasive. • Socialism's aim is to "redistribute" the > > > > wealth, by stealing from the rich and giving to the poor. • Socialism > > > > leads to widespread loss of democracy and personal liberty. • > > > > Socialism is impossible because it's against "me-first" human nature. > > > > > This is not what socialists stand for. > > > > > The big government myth. Capitalist politicians, whether Republican or > > > > Democrat, have no problem with "big government." Their trillion-dollar > > > > war budgets and bank bailouts are as big as it gets. > > > > > The real question isn't size. It's whose side is the government on? > > > > > A socialist government takes the side of working people, and stands > > > > with everyone assaulted by racism, sexism, xenophobia, homophobia, and > > > > bigotry of any kind. > > > > > A socialist government's job is to create full employment by building > > > > excellent schools and hospitals, safe and efficient public > > > > transportation, affordable and comfortable housing, and inventive > > > > cultural and recreational facilities. In a socialist society, there > > > > would be no corporations destroying the environment for profit. Labor > > > > saving technology would reduce the workday, not the standard of > > > > living. > > > > > A socialist government, because it does not depend on profit to exist, > > > > would never turn off anybody's gas and electricity, tolerate > > > > homelessness and hunger, or deny medical care for lack of insurance. > > > > > This advanced way of life has not yet been realized anywhere > > > > > Redistribution of wealth. All social wealth is created by working > > > > people. But capitalists own the giant factories, mines, farms, banks, > > > > and transportation and communication systems. So after wageworkers > > > > produce cars, food, buildings, and computers, owners take possession > > > > of them, sell the products on the market, and pocket the income. > > > > > The owners and CEOs then pay workers as little as they can get away > > > > with. What they call their legitimate profit is produced entirely by > > > > the workers. > > > > > According to the AFL-CIO, Bank of America's "CEO Kenneth Lewis > > > > collected nearly $10 million in 2008, more than 400 times the average > > > > amount a bank teller is paid each year." Socialists call for returning > > > > this stolen wealth to the producers. > > > > > Thus, it is the capitalist class that "redistributes" the wealth, away > > > > from those who produced it, to the parasites who didn't. > > > > > The question of liberty. Capitalism is built on the denial of liberty > > > > to the majority of human beings — working people. This begins in the > > > > workplace itself, where wage earners are told what to do by a > > > > management they never voted for, and which certainly does not > > > > represent their interests. > > > > > This profit-driven economic dictatorship is the reason bosses have > > > > employed barely-paid six-year-olds to work nearly 20 hours a day. It's > > > > why we have forced overtime, speedup, and poverty wages for women, > > > > people of color and immigrants. It's why bosses dump their toxic > > > > wastes in rivers and lakes, just so many toilet bowls to them. > > > > > In a socialist economy, the working class will determine, from the > > > > workplace on up, what needs to be produced and how to fairly > > > > distribute it. Economic plans will be proposed, debated, carried out, > > > > critiqued, and improved. > > > > > This is economic democracy. Had it been in place, the levees in New > > > > Orleans would have been repaired long before Hurricane Katrina hit! > > > > > It was in place in the early days of the Russian Revolution, when > > > > workers' councils (soviets) made decisions about working conditions. > > > > Cuba has one of the world's most advanced healthcare systems precisely > > > > because the Cuban majority demand that their medical needs be met, and > > > > no private healthcare profiteers can stand in the way. > > > > > Is human nature innately selfish? Capitalist apologists say that > > > > socialism can't work because it flies in the face of human nature. > > > > People are inherently greedy, selfish, and downright nasty. > > > > > To think that human beings are biologically incapable of creating a > > > > world without wars, poverty, and bigotry must make one wonder where > > > > such genes came from. Perhaps we are all mutants, since > > > > anthropologists have long pointed out that the earliest of human > > > > societies were communal, generally peaceful, and shared all they had. > > > > > Try asking yourself this question: Am I basically hungry for money, > > > > self-indulgent, and insensitive to the suffering of others? Or do I > > > > want friendship, loving relationships, and to contribute to the common > > > > good? > > > > > Money lust and egotism appear normal only in the world of big > > > > business. Outside that, U.S. workers are exceptionally generous, > > > > giving what little they have to a variety of "good causes." People > > > > march to raise funds for cancer and AIDS. Neighbors help each other > > > > through earthquakes, hurricanes and tornadoes. > > > > > This is called solidarity. And that's what is inherent in human > > > > nature, emerging spontaneously every day, everywhere. Socialism > > > > thrives on it. As pioneer socialist feminist Clara Fraser said in the > > > > dedication of her book Revolution She Wrote, "the act of fighting > > > > injustice is full of hope and joy when it is viewed as a slice of an > > > > innate historical tradition, an ancient reaching out for universal > > > > human fulfillment." > > > > > Americans display solidarity with each stand against U.S. wars. > > > > Solidarity built the unions, and fueled victories in the civil rights, > > > > feminist, and gay rights movements. > > > > > Imagine a world where all children can discover and develop their > > > > talents, where free and critical thinking is applauded, where all the > > > > sick receive humane care, where the planet and all its inhabitants are > > > > not choked, but thrive. > > > > > That's what socialists stand for. 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