Mises blamed tariffs and war, not capitalism, for interrupting world prosperity

Evidence

Where they differed was in the diagnosis of the outcome. Where Marx saw increasing immiseration, Mises saw the road to prosperity rudely interrupted by the tariff wars of the 1870s in response to the first ­Great Depression, then the rupture of the ­Great War, and the return of trade obstacles that followed. — Quinn Slobodian, Globalists, 361

Categorization

  • XREF: Ties to the book’s core thesis about insulating markets from politics; Mises attributes capitalism’s failures to political interference. — connects to: Mises tied world peace to unrestricted foreign investment — Jessica Whyte, The Morals of the Market: Human Rights…, 285; Mises justified imperial war as legitimate compulsion to trade — Jessica Whyte, The Morals of the Market: Human Rights…, 261; Robbins blamed war on sovereign states, not capitalism — Jessica Whyte, The Morals of the Market: Human Rights…, 257

Broader Connections