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A Theory of Socialism and Capitalism

Mises Audio Books Podcast

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The State and Socialism: Power Dynamics Unveiled

This chapter examines the socio-psychological role of the state in enacting socialism, highlighting its monopolization of resources and the violence underpinning its existence. It argues for a shift in public perception to overcome state power, while contrasting the moral and economic merits of capitalism against socialism and discussing the importance of rational production in a capitalist system.

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