The Exploitation Theory of Socialism-Communism

By Eugene Von Bohm-Bawerk

In this groundbreaking work, economist Eugene von Bohm-Bawerk presents a comprehensive critique of socialism and communism, arguing that these systems are inherently exploitative and inefficient. Bohm-Bawerk's theory of exploitation is based on the idea that under socialism and communism, the state or collective owns all means of production and therefore has the power to extract surplus value from workers without compensating them for their full labor. This exploitation, he argues, leads to a number of problems, including:

• Lowered productivity: Workers have little incentive to work hard or innovate when they are not reaping the full benefits of their labor. This leads to a decline in overall productivity and economic growth.
• Inequality: The state or collective, which controls all economic resources, has the power to distribute them unevenly, leading to inequality and social injustice.
• Bureaucracy: Socialist and communist systems are often characterized by large, bureaucratic governments that are inefficient and unresponsive to the needs of the people.
• Lack of freedom: Socialism and communism suppress individual freedom and initiative, as the state or collective controls all aspects of economic and social life.

Bohm-Bawerk's theory of exploitation has been influential in shaping economic thought and policy for over a century. His work has been cited by economists, politicians, and policymakers around the world as evidence of the dangers of socialism and communism.

Why You Should Read This Book

If you are interested in understanding the economic problems of socialism and communism, then this book is a must-read. Bohm-Bawerk's theory of exploitation provides a clear and concise explanation of why these systems are inherently flawed. His work is also a valuable resource for anyone interested in the history of economic thought.

About the Author

Eugene von Bohm-Bawerk (1851-1914) was an Austrian economist and politician. He is considered one of the founders of the Austrian School of Economics, and his work has had a profound influence on economic thought. Bohm-Bawerk served as the Minister of Finance of Austria-Hungary from 1895 to 1904.

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The Exploitation Theory of Socialism-Communism is available in hardcover, paperback, and ebook formats. Order your copy today and learn why socialism and communism are doomed to failure.