There Were Nowhere More Docile

The Final Outcome Of The Credit Expansion Is General Impoverishment.

Once It Has Been Perceived That The Division Of Labour Is The Essence Of Society, Nothing Remains Of The Antithesis Between Individual And Society. The Contradiction Between Individual Principle And Social Principle Disappears.

Capitalists Have The Tendency To Move Toward Those Countries In Which There Is Plenty Of Labor Available And At Which Labor Is Reasonable. And By The Fact That They Bring Capital Into These Countries, They Bring About A Trend Toward Higher Wage Rates.

Without Calculation, Economic Activity Is Impossible. Since Under Socialism Economic Calculation Is Impossible, Under Socialism There Can Be No Economic Activity In Our Sense Of The Word All Economic Change, Therefore, Would Involve Operations The Value Of Which Could Neither Be Predicted Beforehand Nor Ascertained After They Had Taken Place. Everything Would Be A Leap In The Dark. Socialism Is The Renunciation Of Rational Economy.

The Genuine History Of Mankind Is The History Of Ideas. It Is Ideas That Distinguish Man From All Other Beings. Ideas Engender Social Institutions, Political Changes, Technologi- Cal Methods Of Production, And All That Is Called Economic Conditions.