Mises Daily
Author:
Ludwig von Mises
Online Publish Date:
is seen to be spurious, the foundation is pulled from under both Marx’s system of economics and his theory of capitalist evolution. “The whole chain of this reasoning because they are too big for single individuals to own them entirely. The growth of business units has far outstripped the growth of individual fortunes. The who deal with the phenomenon of big business under the rubric “concentration of economic power” fail to realize that economic power is vested in the buying public on