But will there always be folks ready to work just to be looted? Especially when Chile and Singapore are so, you know, in existence these days
Interventionism will go the way of the dodo as every other inferior social structure has. But of course social evolution takes it time and Mises might indeed have been over-confident back in 1949. Plus lets not forget that Thatcher and Reagan gave the market some breathing room and gave the system a new lease on life.