Note: Last week a lengthy article appeared in the Guardian written by a guy called Paul Mason. The title of the piece was “The end of capitalism has begun”. It’s a long drivel and basically a waste of time. But it needs to be refuted, and someone’s got to do it. The reason is that these scribblings, like Thomas Piketty’s recent book “Capital in the Twenty-First Century”, attempt to frame the debate. Nobody reads them, but that doesn’t matter. A servile and/or collaborating media do the additional framing. And suddenly “everyone” says (or continues saying) how bad capitalism is etc. However, due to alternative media, debate framing is not the easy job it used to be. Piketty has already been taken apart by a few people, including George Reisman. Now, expert dissector Gary North has literally ripped apart Paul Mason – and then trampled on the pieces. Like Piketty, Mason has either never heard of Ludwig von Mises and his revolutionary 1920 article “Economic Calculation in the Socialist Commonwealth”, which proves that socialism in all its forms will not work. Or he chooses to ignore the great Austrian. In the era of the internet, these authors are wasting their time. Mason is whistling past the graveyard, in the dark, and promptly falls into a pit. M.n.
Anyway, here’s North’s article – enjoy: