From The Quotable Mises — surrounding passage

There is no compromise possible between these two systems. Contrary to a popular fallacy there is no middle way, no third system possible as a pattern of a permanent social order. The citizens must choose between capitalism and socialism. Bureaucracy , p. 10 If one rejects laissez faire on account of man’s fallibility and moral weakness, one must for the same reason also reject every kind of government action. Planning for Freedom , p. 44

“Tyranny is the political corollary of socialism, as representative government is the political corollary of the market economy.”

Planning for Freedom , p. 218 A society that chooses between capitalism and socialism does not choose between two social systems; it chooses between social cooperation and the disintegration of society. Socialism: is not an alternative to capitalism; it is an alternative to any system under which men can live as human beings. Human Action , p. 676; p.