A Quote by Joseph A. Schumpeter
Creative Destruction is the essential fact about capitalism.
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At the heart of capitalism is creative destruction.
Capitalism proceeds through creative destruction. What is created is capitalism in a 'new and improved' form - and what is destroyed is self-sustaining capacity, livelihood and dignity of its innumerable and multiplied 'host organisms' into which all of us are drawn/seduced one way or another.
Whole new businesses will emerge around breakthrough products as revolutionary technologies accelerate capitalism's creative destruction of slower industries.
Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
Research is about following the gleam into the dark. It's also about being sensitive enough to know which fact is "the creative fact; the fertile fact; the fact that suggests and engenders," as opposed to the fact that deadens and kills a delicate new project.
The food we eat masks so much cruelty. The fact that we can sit down and eat a piece of chicken without thinking about the horrendous conditions under which chickens are industrially bred in this country is a sign of the dangers of capitalism, how capitalism has colonized our minds. The fact that we look no further than the commodity itself, the fact that we refuse to understand the relationships that underly the commodities that we use on a daily basis. And so food is like that.
There's a real difference between venture capitalism and vulture capitalism. Venture capitalism we like. Vulture capitalism, no. And the fact of the matter is that he's going to have to face up to this at some time or another, and South Carolina is as good a place to draw that line in the sand as any.
The U.S. is not pure capitalism. In fact, there's no place for pure capitalism, unregulated capitalism. We have a regulated system.
It was never about having a Mohican haircut or wearing a ripped T-shirt. It was all about destruction, and the creative potential within that.
Capitalism is not about the profit motive. Capitalism is about free markets. What you do in the market, in your free will, is the essence of capitalism.
To paraphrase Karl Marx, the great Karl Marx, a specter is haunting the streets of Copenhagen...Capitalism is the specter, almost nobody wants to mention it...Socialism, the other specter Karl Marx spoke about, which walks here too, rather it is like a counter-specter. Socialism, this is the direction, this is the path to save the planet, I don't have the least doubt. Capitalism is the road to hell, to the destruction of the world.
I always said punk was an attitude. It was never about having a Mohican haircut or wearing a ripped T-shirt. It was all about destruction, and the creative potential within that.
Adam Smith's 'invisible hand' is not above sudden, disturbing, movements. Since its inception, capitalism has known slumps and recessions, bubble and froth; no one has yet dis-invented the business cycle, and probably no one will; and what Schumpeter famously called the 'gales of creative destruction' still roar mightily from time to time. To lament these things is ultimately to lament the bracing blast of freedom itself.
You know that the population is of this planet is now ten times greater than it was in the ages preceding capitalism.; you know that all men today enjoy a higher standard of living than your ancestors did before the age of capitalism. But how do you know that you are the one out of ten who would have lived in the absence of capitalism? The mere fact that you are living today is proof that capitalism has succeeded, whether or not you consider your own life very valuable.
Capitalism cannot reform itself; it is doomed to self-destruction.
The brilliant creative core of capitalism ... is the story the entrepreneurs and capital investors tell themselves about the future. How they intend to alter it, what they expect to gain in return, where they will raise the capital to accomplish their vision. Many of their stories turn out to be flawed or mistaken, of course, but the capacity to envision a set of future events and then act to fulfill them is a central source of capitalism's strength and its dominance of society.
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