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Updated 24 March 2017Very timely, especially considering the book came out in 1944, during WWII.I read this book originally about 1979 or 1980 and loved it.Just read it again at the urging of Jeff Tucker over the last year and a half. No regrets in spending the time needed to reread at all. In fact, I am very glad I did.The book is about the rise of Nationalism in general with special, but not exclusive, focus on Nazism in particular. But it is NOT your typical book about Hitler and the Nazis, that is for sure.For example, the book is divided into four major sections:I. The Collapse of German Liberalism (classical liberalism that is, not your current statist American conception of liberalism)II. NationalismIII. NazismIV. The Future of Western CivilizationGee, starting with classical liberalism in Germany, how odd. Was there even any? Well, there were some really great classical liberal thinkers from Germany, such as Friedrich Schiller and Johann Wolfgang Goethe! But it is true that the support classical liberal ideas gained among the German people was always fairly thin and virtually snuffed out before the 20th Century. And what took its place was its virtual opposite: militarism.In addition to militarism in Germany came the rise over all of Europe of nationalism, etatism (statism), interventionism, protectionism, autarky, social democracy (one of the socialist ideology implementations), racism, polylogism, economic depression, and planning (by that Mises means Government coercive planning, NOT everyone making their own plans, coordinated by the voluntary transactions and institutions of the marketplace). Though he does not dwell too much on the US, Mises notes how far the US succumbed to these ideas too. He is certainly right, objectively speaking.One of the key points of the book is how these various ideas work together and sometimes in contention, to overrun the classical liberal ideas of peace, private property, harmony and freedom. All these ideas are still with us today. Our recent presidential election had most of them on display, but the time and energy devoted to classical liberal ideas does not look auspicious for their prevailing over the statist ideas.Lets just take one of the main ideas that both major candidates agreed on and President Trump made a major focus of his campaign: protectionism. Mises devotes much discussion of the background, workings, and consequences of this policy and he clearly demonstrates how protectionism leads to virtually nothing but deprivation (a poorer state of affairs) and war. With headlines like this today (when this review was orig. written in Nov. 2016):China: We’ll block iPhone sales if Trump imposes tariffs - All-out trade war promised if president-elect follows through on campaign promises.anyone can see pretty vividly how such a policy could start to impact major US companies and citizens. Combining that with military threats and bluster over far-away (new) islands in the South China Sea, the connection between the ideology of nationalism, protectionism and war can be more easily made. Mises explains these connections from the devastating perspective of WWII (the book was written in the early 40s and published in 1944).My recommendation is for anyone interested in peace, in free markets, in the harmony of human interests, in a better world, to read this book and gain an appreciation for the history and ideas that created the two world wars, allowed for the popularity of military dictators and are still with us. But more than that, to know the alternative - the free market and the peace and prosperity that private property and free and unhampered markets can bring.

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