Socialism is possible only in a state that is united domestically and free internationally. The bourgeoisie and Marxism are responsible for failing to reach both goals, domestic unity and international freedom. No matter how national and social these two forces present themselves, they are the sworn enemies of a socialist national state.

An economic system based on private enterprise and private property of the means of production can work only as long as the security of private property and of income derived from property and from enterprise is maintained. The very existence of a government bent on introducing socialism is a constant threat to this security. Therefore, the capitalist economy cannot function under a socialist government unless the government is socialist in name only.

State socialism is the refusal to others and the abandonment for oneself of all true human rights. Under it a man would have no rights over his own property, over his own labor, over his own amusements, over his own home and family — in a word, either over himself, or all that naturally and reasonably belonged to him, but he would have as his compensation (if there were 10,000,000 electors in his country) the one-tenth millionth share in the ownership of all his fellow-men (including himself) and of all that naturally and reasonably belonged to them and not to him.

When you consider socialism, do not fool yourself about its nature. Remember that there is no such dichotomy as “human rights” versus “property rights.” No human rights can exist without property rights.

Socialism, wherever it actually had the means to plan a society, to pursue efficaciously its vision of the abolition of private property, economic inequality, and the allocation of capital and goods by free markets, culminated in the crushing of individual, economic, religious, associational, and political liberty. Its collectivization of agriculture alone led to untold suffering, scarcity, and contempt for property as the fruit of labor.

[C]apitalism’s... virtue... property rights protection and competition... are... weak in socialist systems...

Socialism tends to destroy wealth. Socialism does this by draining
its vitality away. It does this by destroying the desirability of wealth
as a wholesome value. Socialism kills the chance that any community
can survive by browbeating the concept of vested ownership, on
which community survival is always dependent in the end.

Socialism tends to destroy wealth. Socialism does this by draining its vitality away. It does this by destroying the desirability of wealth
as a wholesome value. Socialism kills the chance that any community can survive by browbeating the concept of vested ownership, on which community survival is always dependent in the end.

First, then, State Socialism, which may be described as the doctrine that all the affairs of men should be managed by the government, regardless of individual choice. Marx, its founder, concluded that the only way to abolish the class monopolies was to centralize and consolidate all industrial and commercial interests, all productive and distributive agencies, in one vast monopoly in the hands of the State. The government must become banker, manufacturer, farmer, carrier, and merchant, and in these capacities must suffer no competition. Land, tools, and all instruments of production must be wrested from individual hands, and made the property of the collectivity. To the individual can belong only the products to be consumed, not the means of producing them. A man may own his clothes and his food, but not the sewing-machine which makes his shirts or the spade which digs his potatoes. Product and capital are essentially different things; the former belongs to individuals, the latter to society. Society must seize the capital which belongs to it, by the ballot if it can, by revolution if it must. Once in possession of it, it must administer it on the majority principle, though its organ, the State, utilize it in production and distribution, fix all prices by the amount of labor involved, and employ the whole people in its workshops, farms, stores, etc. The nation must be transformed into a vast bureaucracy, and every individual into a State official. Everything must be done on the cost principle, the people having no motive to make a profit out of themselves. Individuals not being allowed to own capital, no one can employ another, or even himself. Every man will be a wage-receiver, and the State the only wage-payer. He who will not work for the State must starve, or, more likely, go to prison. All freedom of trade must disappear. Competition must be utterly wiped out. All industrial and commercial activity must be centered in one vast, enormous, all-inclusive monopoly. The remedy for monopolies is monopoly.
Such is the economic programme of State Socialism as adopted from Karl Marx.

Socialism depends upon and presupposes material achievements which socialism itself can never create. Socialism is operative only in wealth situations brought about by motes of production other than its own. Socialism takes and redistributes wealth, but it is utterly incapable of creating wealth.

Throughout much of the twentieth century, state socialism presented an existential challenge to the worst excesses of the free market. The threat posed by Marxist ideologies forced Western governments to expand social safety nets to protect workers from the unpredictable but inevitable booms and busts of the capitalist economy. After the Berlin Wall fell, many celebrated the triumph of the West, consigning socialist ideas to the dustbin of history. But for all its faults, state socialism provided an important foil for capitalism. It was in response to a global discourse of social and economic rights—a discourse that appealed not only to the progressive populations of Africa, Asia, and Latin America but also to many men and women in Western Europe and North America—that politicians agreed to improve working conditions for wage laborers as well as create social programs for children, the poor, the elderly, the sick, and the disabled, mitigating exploitation and the growth of income inequality. Although there were important antecedents in the 1980s, once state socialism collapsed, capitalism shook off the constraints of market regulation and income redistribution. Without the looming threat of a rival superpower, the last thirty years of global neoliberalism have witnessed a rapid shriveling of social programs that protect citizens from cyclical instability and financial crises and reduce the vast inequality of economic outcomes between those at the top and bottom of the income distribution.

Socialism is only achievable in a state that is internally united and externally free. Both goals, internal unity and external freedom, have been lost to us through the fault of bourgeoisie and Marxism. Both these groups, as national and social as they may deport themselves, are the mortal enemies of a socialist national state… Against the political bourgeoisie: for genuine nationalism! Against Marxism: for genuine socialism!

The road to socialism via inflation:
Print money, crash the reserve currency, destroy savers, and force them into inflated assets.
Asset inflation leads to inequality. Demonize asset holders and tax the nominal gains, thereby confiscating the real value of the assets.

Wherever Europeans or the descendants of European emigrants live, we see Socialism at work to-day; and in Asia it is the banner round which the antagonists of European civilization gather. If the intellectual dominance of Socialism remains unshaken, then in a short time the whole co-operative system of culture which Europe has built up during thousands of years will be shattered. For a socialist order of society is unrealizable. All efforts to realize Socialism lead only to the destruction of society. Factories, mines, and railways will come to a standstill, towns will be deserted. The population of the industrial territories will die out or migrate elsewhere. The farmer will return to the self-sufficiency of the closed, domestic economy. Without private ownership in the means of production there is, in the long run, no production other than a hand-to-mouth production for one's own needs.