You know that the population is of this planet is now ten times greater than it was in the ages preceding capitalism.; you know that all men today enjoy a higher standard of living than your ancestors did before the age of capitalism. But how do you know that you are the one out of ten who would have lived in the absence of capitalism? The mere fact that you are living today is proof that capitalism has succeeded, whether or not you consider your own life very valuable.
Ludwig von MisesCapitalism or market economy is that system of social cooperation and division of labor that is based on private ownership of the means of production.
Ludwig von MisesGovernment spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other.
Ludwig von MisesInnovators and creative geniuses cannot be reared in schools. They are precisely the men who defy what the school has taught them.
Ludwig von MisesThe socialist system, however, forbids this fundamental freedom to choose one's own career. Under socialist conditions, there is only one economic authority, and it has the right to determine all matters concerning production.
Ludwig von Mises