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The Elite Under Capitalism

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Tags Free MarketsAustrian Economics OverviewInterventionism

05/16/2019Ludwig von Mises

In a free society there is no other means to avoid the evils resulting from one's fellows' bad judgment than to induce them to alter their ways of life voluntarily. Where there is freedom, this is the task incumbent upon the elite.

Originally published in The Freeman, January 1962.

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