Joseph Schumpeter Quotes

I don't think capitalism can survive.

Capitalism has never stood back and examined itself properly. I think everybody knows that capitalism is the only thing that works, but is the current form of capitalism the best way of it working?

A 'mixed economy' is a society in the process of committing suicide.

The left hates capitalism, not because of freedom and liberty - although they do. But the primary they hate capitalism is that it is the most efficient engine to create wealth for the greatest number of people in a society that has ever been devised. Nobody's ever claimed it's perfect. Nobody's ever said it's flawless. But it's better than anything else out there, particularly anything left has to offer.

Bear in mind that capitalism is a tiny period of human society. You never really had capitalism, you always had one or another variant of state capitalism.

You can tell that the capitalist system is in trouble when people start talking about capitalism.

Every time I say the word capitalism, everyone just assumes I have plenty of Marxism in me, I do. But Russia and China had their bloody revolutions and even while they were Communist, they had the same idea about generating wealth - tear it out of the bowels of the earth. And now they have come out with the same idea in the end... you know, capitalism. But capitalism will fail, too.

Capitalism has survived communism. Now, it eats away at itself.

The reason socialism has failed around the world every time it's been tried is because people in socialist countries have looked at the United States and have said if they can have it that good, we can. It's a failed, flawed ideology, but if you ask socialists why it's always failed, it's because the United States has stood in the way.

Capitalism works. In the end, socialism imploded on itself. Communism imploded on itself. Ultimately jihadism will implode on itself, if we stay in the fight and stay on offense because failed philosophies don't work, there's no future.

Less than seventy-five years after it officially began, the contest between capitalism and socialism is over: capitalism has won.

Capitalism is not a perfect system. It may be better than all the other systems, but it's not a perfect system.

We live in capitalism. Its power seems inescapable. So did the divine right of kings.

Capitalism is the way of the devil and exploitation. If you really want to look at things through the eyes of Jesus Christ -- who I think was the first socialist -- only socialism can really create a genuine society.

Capitalism works better than it sounds, while socialism sounds better than it works.

What if capitalism is unsustainable, and socialism is impossible?

There is no freedom without groceries. There are no groceries without freedom. What people call 'capitalism' and 'socialism' are actually one and inseparable. It's a virtuous circle.

Capitalism is using its money; we socialists throw it away.

I think Russians today have a distorted picture of capitalism, liberal democracy and market economy.

The hour of capitalism’s greatest triumph is its greatest danger.

Prediction of whether or not the capitalist order will survive is, in part, a matter of terminology.

The people weren't quite ready for a socialist production system.

A basic contradiction between socialism and the market economy does not exist.

I dislike Communism because it is undemocratic, and capitalism because it favors exploitation.

Socialism ruins societies because it misunderstands human nature.