In 1956, Ludwig von Mises delivered a speech to the Mont Pelerin Society that was published in book form in 2005 by the Mises Institute as Liberty And Property.
Mises tells us on page 50 that:
"It is not the fault of capitalism that the masses prefer a boxing match to a performance of Sophocles’ Antigone, jazz music to Beethoven symphonies, and comics to poetry. But it is certain that while pre-capitalistic conditions as they still prevail in the much greater part of the world makes these good things accessible only to a small minority of people, capitalism gives to the many a favorable chance of striving after them."
The Mises Institute says the essay, "is profound, visionary, and compelling beyond belief. Would that every undergraduate, or even citizen, read this piece. In here, Mises describes the revolutionary meaning of capitalism in human history, and how it was responsible for the most spectacular increases in the standard of living of the common man ever. It was mass production that lead people to live longer, healthier, and happier lives."
Hope you will read it and get a better understanding of the morality of Capitalism
Download a pdf, or buy it here…
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PS. The title of this post is also found on page 50.
