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Planned Chaos: Introduction (Part 1 of 11) by Ludwig Von Mises -- Capitalism Magazine

Planned Chaos: Introduction (Part 1 of 11)
by Ludwig Von Mises (November 1, 2008)

The characteristic mark of this age of dictators, wars and revolutions is its anticapitalistic bias. Most governments and political parties are eager to restrict the sphere of private initiative and free enterprise. It is an almost unchallenged dogma that capitalism is done for and that the coming of all-round regimentation of economic activities is both inescapable and highly desirable.

Nonetheless capitalism is still very vigorous in the Western Hemisphere . Capitalist production has made very remarkable progress even in these last years. Methods of production were greatly improved. Consumers have been supplied with better and cheaper goods and with many new articles unheard of a short time ago. Many countries have expanded the size and improved the quality of their manufacturing. In spite of the anticapitalistic policies of all governments and of almost all political parties, the capitalist mode of production is still fulfilling its social function in supplying the consumers with more, better and cheaper goods.

Ludwig von mizes, capitalism