Those of you old enough to have lived through any part of the Cold War -- or to have suffered through a political conversation with a devout Libertarian -- will be familiar with the oft-repeated mantra that capitalism is the most efficient system on earth, unlike communism, which is grossly inefficient and inherently opposed to the individual's enlightened self-interest. Along these lines, the great Austrian social philosopher Ludwig von Mises once asserted: "Neither economic thinking nor historical experience suggest that any other social system could be as beneficial to the masses as capitalism. The results speak... More >>>