Download A Theory of Socialism and Capitalism: Economics, Politics, by Hoppe H.-H. PDF

By Hoppe H.-H.

Hoppe supplies a cautious definition of what he capability by way of the phrases ''capitalism'' and ''socialism'' after which proceeds to research many variations, together with Russian-style Socialism, Social Democracy, Conservatism, and piecemeal Social Engineering. He additionally explores the supply of so-called ''public goods'' (i.e., nationwide safeguard, justice, security), and the issues of monopolies in capitalist international locations.

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Extra resources for A Theory of Socialism and Capitalism: Economics, Politics, and Ethics

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The second observation is intimately connected with the first and concerns socialism's allegedly superior coordinating capabilities. Again closer Inspection reveals that the difference is merely illusory, created only by semantics: to say that an economy of private owners is supplanted by a na- SOCIALISM RUSSIAN STYLE 23 tionalized one creates the impression that instead of a multitude of decisionmaking units, all of a sudden there is only one such unit. In fact, nothing has changed at all. There are as many individuals with as many different interests as before.

5 In countries further removed from the iron curtain, like France, Italy, Spain, and also Great Britain, this change has been less dramatic. Nonetheless, it is safe to say that today only social-democratic socialism, as represented most typically by the German social-democrats, can claim widespread popularity in the West. 7 What are the central features of socialism social-democratic-style? There are basically two characteristics. First, in positive contradistinction to the traditional Marxist-style socialism, social-democratic socialism does not outlaw private ownership in the means of production and it even accepts the idea of all means of production being privately owned-with the exception only of education, traffic and communication, central banking, and the police and courts.

It does not solve the real underlying problem: differences in the power to control. In an economy based on private ownership, the owner determines what should be done with the means of production. In a socialized economy this can no longer happen, as there is no such owner. Nonetheless, the problem of determining what should be done with the means of production still exists and must be solved somehow, provided there is no prestabilized and presynchronized harmony of interests among all of the people (in which case no problems whatsoever would exist anymore), but rather some degree of disagreement.

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