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Monday, January 2, 2012

Bureaucracy Defined- LvMises

Capitalism means free enterprise, sovereignty of the consumer in economic matters and sovereignty of the voter in political matters. Socialism means full government control of every sphere of the individuals life and the unrestricted supremacy of the Government in its capacity as central board of production management. There is no compromise possible between the two systems. Contrary to a popular fallacy there is no middle way, no third system posible as a pattern of permanent social order...

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