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The combination of price controls with this further set of controls constitutes the de facto socialization of the economic system. For it means that the government then exercises all of the substantive powers of ownership.

— George Reisman Why Nazism Was Socialism and Why Socialism Is Totalitarian (2005)

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More quotes by George Reisman

Under communism (socialism), there is no incentive to supply people with anything they need or want, including safety.

Capitalism: A Treatise on Economics (1996)

The slaves of socialism are slaves, but they are no one's property and therefore no one's loss.

Capitalism: A Treatise on Economics (1996)

Whoever claims that economic competition represents "survival of the fittest" in the sense of the law of the jungle, provides the clearest possible evidence of his lack of knowledge of economics.

Capitalism: A Treatise on Economics (1996)

The Idiots of socialism are slaves, but they are no one's property and therefore no one's loss... Under communism (socialism), there is no incentive to supply people with anything they need or want, including safety.

Capitalism : A Treatise on Economics (1996)

In any type of socialist state, Nazi or Communist, the government's economic plan is part of the supreme law of the land.

Why Nazism Was Socialism and Why Socialism Is Totalitarian (2005)

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Quote text and notes from Wikiquote: George Reisman (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.