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Lecture 10 of 13 · Ludwig von Mises Archives

Socialism versus Free Market Exchange

Ludwig von Mises · 1:14:45 · Recorded 2 May 1970

Human beings are collaborators with each other. Socialism is one kind of cooperation of people. One thing determines the socialist organization. It is the lack of freedom and the complete obedience to a Fuehrer (leader). Not surprisingly, everyone considers themselves to be part of the ruling group, forcing others to submit.

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Ludwig von Mises Archives

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Speakers: Ludwig von Mises.

Recording date and topics for this lecture come from the Mises Institute's page for Socialism versus Free Market Exchange, checked 2026-07-23.