They imagine that universally needed companies like healthcare, as a pure right, must be provided free to everybody by the federal government. To this finish, hospitals and clinics in socialist nations are often owned and managed by the federal government. …
What’s Socialism? And What Do Socialists Actually Need In 2021?
Ludwig von Mises, another Austrian economist, argued that rational pricing isn’t potential when an economic system has only one owner of products , as this leads to imbalances in manufacturing and distribution. As a set of social relations, socialism is …