Marxism Unmasked from Delusion to Destruction.pdf 7471KB

MARXISM UNMASKED
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His answer was no. In the nurkrt economy production is guided by
the expected consumer demand of the buying pubbc. Biiui ifwiucn and
entrepreneurs, m the quest to earn profits and avoid losses, must direct
the resources at their disposal m a wzy that numnuzes their costs of
production rebDw to the expected revenues fiom supplying goods and
services that consumers want to purchase.
Mone>' prices for both finished consumer goodi and the meam
of producaon facibtate the process. The prices for consumer goods
tell entrepreneurs what consumers want. The pnces for the meam of
producnon—land, labor, and capital—teil them the costs of pn>ducing
those goodt \%ith different types ot resources and raw materials m dideieni
combiiutiom. The entrepreneur s task ts to select that resource "mix" that
minimues the expetne of bringing goods to market m the quanoties and
qualities demanded b>' comumers
The price attached to an>' one of those resources (whether it be land,
labor, or capital) retlects its \-alue m alter natrvr uses, as rrpmented b\' the
competing btd« to purchase or hire it by rival entrepfrneurs who abo seek
to employ it for some pfoductKKi purpose in the market. Unlcn the
expected prue lor the finished good ts able to ca«vr the coics necewary to
employ j variety ot rrsourto to produce it. it ts uncconomKal
wascet'ul^—to desTxe thuir resources for its manufacture K\ Mises later
rxplaiiird in ht% book on htmamriaty. "To the entrepreneur of captohn
uxicty a taitor t>t prtHhution thnnigh its price sends out a warning: Don\
touch me. 1 am earmarked for the vaiist'actHKi a( another, more urfrnc
need" of the cimuiniing publK '*
Thi« meam that the pr u r «>'s(em of a competitisr fiee market tendi to
as%urr that the uanr rrv>ur\e% (4 mxktv are alkxaied and used m a wiy
tlui Ixnt rrtici t\ the want\ and desires o4 all ol us m our roles as consumen.
Siruc tme t»l the ineuapable elements ol' the wvrld m which we live il
coimant change, esrrs shili in consumer demand and rkirrs- modificaCxM
in the avaiUhilm and uun of th«ne warve rrsourtes are reflex ted in changes
lit the iiurket \triKture i»l rrbtisr prues Suih chango in the structure of
iiurket priiCk pnnide new inh>rmatK)n to both producers and cotmimm
that thcs nia\ hasr to M.\)wi their busing, selling, and produciXNi drcMom,
gisrn the new iinunntanies
Mi«ct\ < hallenge to the hkuIisIs w:as to argue that this "ratmnahiy** of
the nurket. which consunth' coordiivMed seQing prKes with coit-pncet.
1 4 I (mK»i|: «xw Mno. Awrj^wy (Not Hjwm YJr Vnnrrm^ Picw. 1^44). |i 29
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