All the impoverishing effects of socialism are with us in the U.S.: reduced levels of investment and saving, the misallocation of resources, the overutilization and vandalization of factors of production, and the inferior quality of products and services.
Hans-Hermann HoppeEgalitarianism, in every form and shape, is incompatible with the idea of private property.
Hans-Hermann HoppeDifferent people rise to the top under socialism than under capitalism. The higher on the socialist hierarchy you look, the more you will find people who are too incompetent to do the job they are supposed to do.
Hans-Hermann HoppePublic officials are permitted to finance or subsidize their own activities through taxes. That is, they are permitted to engage in and live off, what in private dealings between private law subjects is prohibited and considered 'theft' and 'stolen loot.'
Hans-Hermann HoppeOne-man-one-vote combined with "free entry" into government-democracy--implies that every person and his personal property comes within reach of-and is up for grabs by-everyone else: a "tragedy of the commons" is created.
Hans-Hermann HoppeWhat is true, just, and beautiful is not determined by popular vote. The masses everywhere are ignorant, short-sighted, motivated by envy, and easy to fool. Democratic politicians must appeal to these masses in order to be elected. Whoever is the best demagogue will win. Almost by necessity, then, democracy will lead to the perversion of truth, justice and beauty.
Hans-Hermann Hoppe