Destructionism
id:
destructionism-256-3286591
title:
Destructionism
text:
Destructionism, as discussed by Austrian economist Ludwig Von Mises, refers to policies that consume capital but do not accumulate it. It is the title of Part V of his seminal work Socialism. Since accumulation of capital is the basis for economic progress, Von Mises warned that pursuing socialist and etatist policies will eventually lead to the consumption and reliance on old capital, borrowed capital, or printed "capital" as these policies cannot create any new capital, instead only consuming
brand slug:
wiki
category slug:
encyclopedia
description:
Policies that consume capital but do not accumulate it
original url:
https://en.wikipedia.org/wiki/Destructionism
date created:
date modified:
2023-08-05T23:57:40Z
main entity:
{"identifier":"Q5265415","url":"https://www.wikidata.org/entity/Q5265415"}
image:
fields total:
13
integrity:
14