Joseph Schumpeter - Capitalist Quotes

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Economic progress, in capitalist society, means turmoil.

Joseph Schumpeter
As a matter of practical necessity, socialist democracy may eventually turn out to be more of a sham than capitalist democracy ever was.

Joseph Schumpeter
The evolution of the capitalist style of life could be easily – ; and perhaps most tellingly – described in terms of the genesis of the modern Lounge Suit.

Joseph Schumpeter
As a matter of fact, capitalist economy is not and cannot be stationary. Nor is it merely expanding in a steady manner. It is incessantly being revolutionized from within by new enterprise, i.e., by the intrusion of new commodities or new methods of production or new commercial opportunities into the industrial structure as it exists at any moment.

Joseph Schumpeter
The banker, therefore, is not so much primarily a middleman in the commodity "purchasing power" as a producer of this commodity. However, since all reserve funds and savings today usually flow to him, and the total demand for free purchasing power, whether existing or to be created, concentrates on him, he has either replaced private capitalists or become their agent; he has himself become the capitalist par excellence.

Joseph Schumpeter
Lack of outlets, excess capacity, complete deadlock, in the end regular recurrence of national bankruptcies and other disasters-perhaps world wars from sheer capitalist despair-may confidently be anticipated. History is as simple a that.

Joseph Schumpeter
Capitalism Survive?—I have tried to show that a socialist form of society will inevitably emerge from an equally inevitable decomposition of capitalist society.

Joseph Schumpeter
The capitalist process shapes things and souls for socialism.

Joseph Schumpeter
The capitalist achievement does not typically consist in providing more silk stocking for queens but in bringing them within the reach of factory girls in return for a steadily decreasing amount of effort.

Joseph Schumpeter