Until you understand this fundamental principle, you will be easily beguiled by people who go around chanting a mantra: "Marxism, Marxism, Marxism." The mantra is nonsense if it is applied to modern Western society, the continent of Africa, India, and especially China.
Read MoreFascism is a form of socialism. It is not capitalism. The idea that fascism is capitalism was a part of the terminological warfare waged by communists in the early twentieth century. According to Ludwig von Mises the conflation of these terms originated in communist propaganda.
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