The Political Chances of Genuine Liberalism

“The outlook of many eminent champions of genuine liberalism is rather pessimistic today. As they see it, the vitriolic slogans of the socialists and interventionists call forth a better response from the masses than the cool reasoning of judicious men,” begins an older article by Ludwig von Mises posted on the Mises Daily. 

Despite seemingly dire situations – both then and now – Mises makes a case for the possibility of eventual political success for a philosophy of liberty: the ideas of true liberalism are not “too complicated to appeal to the untutored mind of the average voter. It is not a hopeless task to explain to the wage earners that the only means to raise wage rates for all those eager to find jobs and to earn wages is to increase the per-head quota of capital invested,” and that policies which are meant to help one group in society “bring about a state of affairs under which each group of wage earners is intent upon improving their own conditions at the expense of the consumers, viz., the enormous majority.”

Read the rest here.

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