pure socialism is a system based on systemic violence and the absence of property rights.

In addition, he shows how each system impacts the personality and prosperity of individuals living in those systems. From beginning to end, his argument is logically deduced and intuitively obvious. Throughout, Hans is always alerting the reader to possible misconceptions and weaknesses that he will address later in the text.

Beginning with the familiar case of Russian-style socialism, capitalism is shown to be superior to an economy run by caretaker-central planners. The absence of opportunity costs for the caretaker inevitably leads to reduced investment, misallocation, and overutilitzation of capital and labor. Added to this critique is the impact on the personal character and personality of individuals in a socialist society because efficient use of resourcesBaux from Provence (southeastern France); from that family sprung an Italian family (del Balzo), and from them the Balšići, and from them a Romanian family. Serbian historian Vladimir Ćorović (1885–1941) concluded, based on their name, that they had Roman (Vlach) origin.  Croatian ethnologist Milan Šufflay (1879–1931) mentioned them as of "Romanian and Vlach origin".  Croatian linguist Petar Skok considered them to have been of Vlach origin, and Serbian historian Milena Gecić supported his theory. Giuseppe Gelcich theorized on the origin in his La Zedda e la dinastia dei Balšidi: studi storici documentati (1899).  The theory asserting them as descendants of the Frankish nobleman Bertrand III of Baux, a companion of Charles d'Anjou is regarded as highly improbable.  German linguist Gustav Weigand (1860–1930) supported a