Ludwig von Mises Quotes

The broad liberal objective is a balanced and flexible "mixed economy," thus seeking to occupy that middle ground between capitalism and socialism whose viability has so long been denied by both capitalists and socialists.

My view... would be that we are entering upon a new and interim society which is neither capitalist nor socialist, but in which we can achieve central planning without loss of individual initiative, by the mere process of absorbing initiative in the function of planning.

There's something about China and its rush to capitalism that I find confusing. At the same time, we live in an America where capitalists oppose any government interference with free markets, while in China you have a very controlled, state-planned market where economic growth is better than ours.

Socialism can also practice market economy.

The term "state socialism" is not precise. Under this term many understand an order under which a certain part of the wealth, sometimes a quite considerable part, passes into state ownership or under its control while in the great majority of cases the ownership of plants, factories, and land, remains in private hands.

A 'mixed economy' is a society in the process of committing suicide.

Interventionism cannot be considered as an economic system destined to stay. It is a method for the transformation of capitalism into socialism by a series of successive steps.

Bear in mind that capitalism is a tiny period of human society. You never really had capitalism, you always had one or another variant of state capitalism.

When you say 'state' you mean 'national.' National Socialism. That is what Mussolini and Hitler did. National Socialism. State Capitalism. They've changed the name.

There are different ways to organise capitalism. Free-market capitalism is only one of them-and not a very good one at that.

A fundamental contradiction does not exist between socialism and a market economy.

To put it bluntly, there isn't one economic theory that can single-handedly explain Singapore's success; its economy combines extreme features of capitalism and socialism. All theories are partial; reality is complex.

We no longer have a free market in the United States, we have a government controlled free market.

There isn't much in the way of pure communist spirit, because the whole nation seems to be engaged in capitalistic enterprises. Much of the country still operates under government control.

India is not a capitalist nation and should never be a capitalist nation.

But we don't have an example of a democratic society existing in a socialist economy - which is the only real alternative to capitalism in the modern world.

There's not a single country that actually approaches economics in a pure, free market, capitalist way. I like the free market - but it very much exists only in textbooks. If I had a choice, and we could live in a very pure world, I would be a supporter of the free markets.

However, leaving everything to the market is not necessarily good for society.

As a poodle may have his hair cut long or his hair cut short, as he may be trimmed with pink ribbons or with blue ribbons, yet he remains the same old poodle, so capitalism may be trimmed with factory laws, tenement laws, divorce laws and gambling laws, but it remains the same old capitalism. These “humanitarian parts” are only trimming the poodle. Socialism, one and inseparable with its “antirent and anticapital parts,” means to get rid of the poodle..

The issue is always the same: the government or the market. There is no third solution.

Ownership of the means of production was an obsession to be abandoned. What mattered was the state’s control over the economy.

I know that some people in the U.S. associate the nordic model with some sort of socialism. Therefore, I would like to make one thing clear. Denmark is far from a socialist planned economy. Denmark is a market economy.

In America, we don't, in daily discourse, use the words 'capitalism' or 'socialism.' They've been kind of nonexistent words, I would say, amongst the general public.

It is my idea to make capitalism create socialism in China so that these two economic forces of human evolution will work side by side in future civilization.

The U.S. is not pure capitalism. In fact, there's no place for pure capitalism, unregulated capitalism. We have a regulated system.