A Theory of Socialism & Capitalism

Written by Hans-Hermann Hoppe in 2010

[socialism]……must be conceptualized as an institutionalized interference with or aggression against private property and private property claims. Capitalism, on the other hand, is a social system based on the explicit recognition of private property and of nonaggressive, contractual exchanges between private property owners.  

A Theory of Socialism and Capitalism, by Hans-Hermann Hoppe