The Problem With Global Government Managing Trade
Besides its treatment of German national socialism, Mises’ Omnipotent Government also contains an analysis of the various suggestions for “world government” toward the end of the second World War.
This article is a short commentary on Mises’ analysis of proposed international economic frameworks, their shortcomings and their subsequent outcomes.1
A Type of World Government
After maintaining the distinction that he makes earlier in Omnipotent Government between the terms “socialism” and “interventionism,” Mises correctly foresees what later became the most important post-war technique of international economic planning. Namely, international agreements between sovereign states:
The more realistic suggestions for world planning