I explain Mises' impossibility thesis of socialism, i.e. the economic calculation problem, and why it makes a "socialist economy" strictly impossible.Join th...
Point 1: no economy except capitalism was, is, or will ever be possible. Even the modes of production prior to capitalism were impossible because goods were not traded
Point 1: no economy except capitalism was, is, or will ever be possible. Even the modes of production prior to capitalism were impossible because goods were not traded