I am unaware where this socialism is in the present day?
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everywhere. europe especially. canada. and probably 2/3rds of the whole planet.
us soon-ish
I'm sorry but state provided welfare services are not socialism. If it was, the US would be 'socialist' as well, as even the most conservative US states provide welfare and disability payments to its citizens.
I didn't want to offend you. but to qote said Mises.
He left a meeting with most libral (in the original meaning of that word) people of that time with:
"You're all buch of socialists"
It was 1947.
Milton Friedman
and that's the very definiton.
in US you were able to offset it for much longer. probably because your governmet sells debt in dollars and devalues it afterwards. now it bites your ass.