Friday, October 18, 2019

Part 1's Summary

Ludwig von Mises cites historical accounts, quotes references, and utilizes reason and common sense as he compares and contrasts sociological and economic realities between liberalism (see page 60 to understand the meaning of this term as Mises employs it) and socialism. Part 1 of Socialism: An Economic and Sociological Analysis contains a rich material in answering this question: Where do ownership and property, democracy and equality, peace, femininity, marriage, family, and even sexuality (here Mises talks about free love, promiscuity, and prostitution) thrive more? Under a liberal social order? Or under a socialist social order?