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A Theory of Socialism and Capitalism

Mises Audio Books Podcast

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The Clash of Socialism and Conservatism

This chapter explores the complex relationship between socialism and conservatism, framing conservatism as a reactionary force that aims to maintain societal hierarchies at the cost of economic progress. It critiques how both ideologies hinder innovation and contribute to reduced living standards through regulatory measures and economic inefficiencies. The discussion contrasts the economic performance of various regions, highlighting how conservative policies often lead to stagnation while examining historical examples of fascism and socialism's effect on property rights and productivity.

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