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266:'In a society based on caste and status, the individual can ascribe adverse fate to conditions beyond his own control. He is a slave because the superhuman powers that determine all becoming had assigned him this rank. It is quite another thing under capitalism. Here everybody's station in life depends on his own doing The sway of the principle,
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productive forces'. It is believed that these material productive forces (e.g. technological innovations) are not only independent of capitalism but will eventually force capitalism to yield to more advanced forms of socialist organisation. Until that day the capitalists will continue to refuse workers their fair share of this progress.
258:. It is an investigation into the psychological roots of the anti-capitalistic stance that Mises saw as widespread in the general populations of the capitalist world. Mises suggests various reasons for this mentality, primarily his claim that free competition in the market economy allows for no excuses of one's failures.
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exceeds the rate of increase in population' (p. 88). According to von Mises, "All pseudo-economic doctrines which depreciate the role of saving and capital accumulation are absurd What has improved the wage earners' standard of living is the fact that the capital equipment per head of the men eager
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The notion of 'fair share' is devoid of meaning, because both capital and labour are necessary to produce goods and it is impossible to assign a proportion of the end product as belonging to either labour or capital. He also argues that even more importantly the historical increase in the average
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According to von Mises, Marxian philosophy has heavily influenced the way the general public interprets its economic condition and perceives of capitalism. The average wage-earner's high standard of living is viewed as an inevitable result of 'self-acting progress', akin to Marx's 'material
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According to the author, faced with this burden many who have fared poorly in the market economy seek a scapegoat to shift the blame from themselves and restore their self-image.
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to earn wages has increased. It is a consequence of this fact that an ever increasing portion of the total amount of usable goods produced goes to the wage earners" (p. 89)
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