The Anti-Capitalistic Mentality (1956) Review
Devout capitalist Ludwig von Mises deals with the unreasonable arguments put forth by some against the institution of capitalism. He connects capitalism to freedom and demonstrates that it is the operation of the free market economy that essentially gives freedom to the individuals. While laws and constitutions talk about these freedoms and may provide some level of protection for these liberties, they do not create the freedom itself. The practical freedom that most people think of comes from the market economy and the opportunity to "strive after the station they want to attain in the structure of the social division." Contrast that to a planned economy, claims von Mises, and you'll see that a free market economy is the source of the freedoms that we truly want and desire as individuals. The freedom to challenge the interests of others, the freedom to rise above one's own position and status, the freedom to make decisions that have real consequences - these are all things that the free market economy affords an individual which a planned economy or state-run economy inhibits.
The Anti-Capitalistic Mentality (1956) Overview
In "The Anti-capitalistic Mentality", the respected economist Ludwig von Mises plainly explains the causes of the irrational fear and hatred many intellectuals and others feel for capitalism. In five concise chapters, he traces the causation of the misunderstandings and resultant fears that cause resistance to economic development and social change. He enumerates and rebuts the economic arguments against and the psychological and social objections to economic freedom in the form of capitalism. Written during the heyday of twentieth-century socialism, this work provides the reader with lucid and compelling insights into human reactions to capitalism.
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