Socialism - Ludwig von Mises Masterpiece Against Central Planning

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Discover Ludwig von Mises’ Socialism, one of the most comprehensive critiques of socialist systems ever written. Published in 1922, this groundbreaking work dissects the fundamental flaws of central planning and highlights the inefficiencies and dangers of government-controlled economies. At its core, Mises’ "economic calculation problem" reveals why socialism fails: without private property and market-driven prices, rational resource allocation becomes impossible, leading to inefficiency and stagnation. Mises also explores the moral and political consequences of socialism, warning of its impact on individual freedom and the rise of totalitarianism. Through historical examples and sharp economic analysis, Mises demonstrates how socialism undermines innovation, fosters dependency, and fails to deliver on its promises. Socialism is a timeless defense of free markets and individual liberty, offering insights that remain relevant in today’s debates on economic systems. Check the description to access this essential work and delve into Mises’ powerful arguments!

00:00 - Introduction of the book Socialism
00:07 - Overview of the Book's Significance
01:08 - The Economic Calculation Problem
02:32 - The Moral and Political Implications of Socialism
03:36 - The Impossibility of Socialism in Practice
04:34 - Conclusion