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By Hans-Hermann Hoppe

Here's Hans Hoppe's first treatise in English - truly his first ebook in English - and the person who placed him at the map as a social philosopher and economist to monitor. He argued that there are just attainable archetypes in fiscal affairs: socialism and capitalism. All platforms are combos of these varieties. The capitalist version he defines as natural defense of non-public estate, unfastened organization, and trade - no exceptions. All deviations from that excellent are species of socialism, with public possession and interference with exchange.

Within the constitution of socialism, he distinguishes the left and correct model. "Conservative" socialism favors excessive legislation, behavioral controls, protectionism, and nationalism. The "liberal" model has a tendency extra towards outright public possession and redistribution.

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Extra info for A Theory of Socialism and Capitalism

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Comparative Economic Systems, New York, 1971. Hans-Hermann Hoppe 59 accept compromises such as partial socialization, had to make a further adaptive move. These parties, in response to the Russian and East European experiences, increasingly gave up the notion of socialized production altogether and instead put more and more emphasis on the idea of income taxation and equalization, and, in another move, on equalization of opportunity, as being the true cornerstones of socialism. While this shift from Russian-type socialism towards a socialdemocratic one took place, and still is taking place in all Western societies, it was not equally strong everywhere.

A quite homogeneous population, with very much the same history, culture, character structure, work ethics, divided after Hitler-Germany’s defeat in World War II. 31 In East Germany, on the other hand, under Soviet 29 On the economic system of the Soviet-dominated East bloc cf. T. , Communism in Eastern Europe, Bloomington, 1984; H. H. Hohmann, M. Kaser, and K. M. ), Economic History of Europe. Contemporary Economies, vol 2, Glasgow, 1976. , H. K. Willis, Klass. How Russians Really Live, New York, 1985; S.

In this chapter I will concentrate on the analysis of what most people have come to view as “socialism par excellence” (if not the only type of socialism there is), this probably being the most appropriate starting point for any discussion of socialism. 17 Accordingly, socialization of the means of production has been advocated by all socialists of orthodox Marxist persuasion ever since. It is not only what the communist parties of the West officially have in store for us, though they become increasingly reluctant to say so in order to seize power.

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