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Why Socialism Fails
Why Socialism Fails
Authored by Deborah Palma via The Epoch Times (emphasis ours),
Economics is not a zero-sum game in which one person’s gain comes at another’s expense; nor is it just about numbers or purposeless statistical aggregates, but conscious human action.
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Ludwig von Mises, in his work “Human Action,” explains that individuals act to replace a less satisfactory state of affairs with a more satisfactory one. This process is inherently subjective and teleological, meaning that the values guiding economic activity are rooted in individual choices, and not in...
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May 28, 2026 / Tyler Durden
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As we...
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