Peter Drucker Quotes
Communism is evil. Its driving forces are the deadly sins of envy and hatred.
Socialism in its then pure form had the state owning and controlling all the major assets of the nation. In this sense it was contradictory to individual freedom and hence democracy. However, in the years after Tocqueville’s quotation and the industrial revolution, socialism has gradually moved away from state ownership and operations of all institutions and resources. Democracy has tended to adopt a more regulatory view to control the excesses of unbridled capitalism. The range of democratic nations by the 21st century encompassed differences but some were described as “social democracies” and had some state ownership but were basically capitalistic economies. Even the self-described Communist nations had become heavily capitalistic albeit with less political freedom. At the same time, even the United States—the epitome of 21st century capitalism, owned and controlled a few of the resources and means of production and tended to regulate the others—a substantial difference from the American democracy which Tocqueville studied.
Peter Ferdinand Drucker was an Austrian management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of the modern business corporation. He was also a leader in the development of management education, he invented the concept known as management by objectives and self-control, and he has been described as "the founder of modern management".
