Can Capitalism Survive? No. I Do Not

The Strategic Stimulus To Economic Development In Schumpeter's Analysis Is Innovation, Defined As The Commercial Or Industrial Application Of Something New---a New Product, Process Or Method Of Production, A New Market Or Source Of Supply, A New Form Of Commercial, Business Or Financial Organization.

To The Believer Marxism Presents, First, A System Of Ultimate Ends That Embody The Meaning Of Life And Are Absolute Standards By Which To Judge Events And Actions.

It Is, After All, Only Common Sense To Realize That, But For The Fact That Economic Life Is A Process Of Incessant Internal Change, The Business Cycle, As We Know It, Would Not Exist.

Bureaucracy Is Not An Obstacle To Democracy But An Inevitable Complement To It.

We Always Plan Too Much And Always Think Too Little.