Only capitalism leads to success. Anything claiming something else is just a lie. Everything needs propaganda except capitalism, capitalism delivers the goods, literally. Under capitalism, an entrepreneur can’t produce goods or services that people don’t want without suffering severe losses or bankruptcy. Under capitalism, the individual plans. Under statism, a few plan for the many. It’s not plan or no plan. It’s: who’s doing the planning.
The consumer’s wants are satisfied under capitalism. The demand of the consumers directs market activity. Entrepreneurs attempt to meet demands with the greatest returns. High profits signal that is where demand is the highest. Profits are a good thing. That just means demands of the consumers are being satisfied. High profits will signal to other entrepreneurs to enter that market. The spin doctors refer to those as “unconscionable” profits, but that is a great thing. These profits will fall as others enter the market.
The consumer’s wants are not being satisfied under statism. The whims of the overlords direct “market” activity. Statism, which is all over the world, has severely disrupted the economy. All of this is getting worse and will continue to get worse as long as people go along with this. Compliance is fuel for the totalitarians. Complying to statism will never make statism go away. It won’t be long before people who resist statism are diagnosed with a disorder, mental illness, told they have a “chemical imbalance” of some sort, or something similar.
These issues are not thought through carefully. Rather, they are accepted on blind faith. The entrepreneur will take the individual initiative to meet demands. Individual initiative is destroyed if someone else is doing the planning. The entrepreneur no longer exists, he only exists in name. Economics has shown that statism is impossible. If you don’t believe the economist, just look at history. States all around the world have turned into killing machines. These killing machines would have been less effective had they not disarmed the population.
Statism must be resisted if anyone wants to prevent the downfall of civilization. The spin doctors will use various names: progressivism, liberalism, and any other term. This is semantic nonsense. Don’t be fooled. Its statism in disguise. No amount of statism can continue to exist unless the masses allow it. As de la Boétie said “They only seem tall because we’re on our knees.” Servitude is always a voluntary servitude. Yes, it varies in degree, but the totalitarian will take what he can get.
Reference
Ludwig von Mises; Selected Writings, Vol. 2
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