From a correct Marxian point of view [...], all measures designed to restrain, to regulate and to improve capitalism were simply 'petty-bourgeois' nonsense [...]. True socialists should not place any obstacles in the way of capitalist evolution. For only the full maturity of capitalism could bring about socialism. It is not only vain, but harmful to the interests of the proletarians to resort to such measures.
About this quote
- What does it mean?
- Mises argues that trying to fix capitalism is counterproductive because socialism can only emerge once capitalism fully develops.
- In plain terms
- Reforming capitalism stops it from maturing, which is needed for socialism to happen.
- What can you take from it?
- Do not try to regulate or improve capitalism if you want socialism.
Where it applies
Putting it to work
Questions to consider
- Is it better to fix problems now or wait for a system change?
- Does capitalism need to fail completely before a new system can start?
Another view
This view ignores how state intervention might mitigate immediate human suffering under capitalism.
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