socialist-mode-production-personal-incentives-capitalism-premium-upon-laziness

Under a socialist mode of production all personal incentives which selfishness provides under capitalism are removed, and a premium is put upon laziness and negligence. Whereas in a capitalist society selfishness incites everyone to the utmost diligence, in a socialist society it makes for inertia and laxity.

0/5 (0)

Ludwig Von Mises's Popular Quotes

0 Comments

Login to join the discussion