They did not suffer shipwreck because the entrepreneurs were not public-spirited, as the socialist-etatistic legend has it. They were bound to fail because the economic organization based upon division of labour and private property in the means of production can function only so long as price-determination in the market is free. Ludwig Von Mises
About This Quote

The fact is that it is not socialism that fails, but the economic organization based upon division of labour and private property in the means of production.

Source: The Theory Of Money And Credit

Some Similar Quotes
  1. There was a clatter as the basilisk fangs cascaded out of Hermione's arms. Running at Ron, she flung them around his neck and kissed him full on the mouth. Ron threw away the fangs and broomstick he was holding and responded with such enthusiasm that... - J.k. Rowling
  2. They're in love. Fuck the war. - Thomas Pynchon
  3. If I have learned anything in this long life of mine, it is this: in love we find out who we want to be; in war we find out who we are. - Kristin Hannah
  4. And when all the wars are over, a butterfly will still be beautiful. - Ruskin Bond
  5. The words ‘I Love You’ kill, and resurrect millions, in less than a second. - Aberjhani
More Quotes By Ludwig Von Mises
  1. That's what fiction is for. It's for getting at the truth when the truth isn't sufficient for the truth.
  2. A lie, sometimes, can be truer than the truth, which is why fiction gets written.
  3. In any war story, but especially a true one, it's difficult to separate what happened from what seemed to happen. What seems to happen becomes its own happening and has to be told that way. The angles of vision are skewed. When a booby trap...
  4. It’s a hard thing to explain to somebody who hasn’t felt it, but the presence of death and danger has a way of bringing you fully awake. It makes things vivid. When you’re afraid, really afraid, you see things you never saw before, you pay...
  5. The thing about a story is that you dream it as you tell it, hoping that others might then dream along with you, and in this way memory and imagination and language combine to make spirits in the head. There is the illusion of aliveness.
Related Topics