Joseph Schumpeter Quotes

Any existing structures and all the conditions of doing business are always in a process of change. Every situation is being upset before it has had time to work itself out. Economic progress, in a capitalist society, means turmoil.

Technology and capitalism are very much linked. I think that capitalism probably works best in a technologically progressing society.

Because capitalist society has expanded the productive forces so enormously, the social conditions under which it arose lag behind and become fetters holding back the further growth of productive forces.

Capitalism is a system for determining objective value.

To develop political and economic power in a capitalist society, you need capital.

Capitalism in one century of growth has enormously increased its power, not only through expansion over the entire earth, but also through development into new forms

Competition's a good thing.

Every step toward the elimination of profit is progress on the way toward social disintegration.

The greatest meliorator of the world is selfish, huckstering Trade.

The societies which have achieved the most spectacular broad-based economic progress in the shortest period of time are not the most tightly controlled, not necessarily the biggest in size, or the wealthiest in natural resources. No, what unites them all is their willingness to believe in the magic of the marketplace.

Competition is good and has served us well.

The free market economy is supposed to be the only path leading to the happiness of humanity by promoting wealth and prosperity, power and influence of nations.

Here in Davos, it is generally assumed that there is now only one god - the market.

The guiding principle is not to manufacture the goods everyone needs, rather to earn profits for a few capitalists.

Capitalism is part of our system, but it's not for the faint of heart.

America's wealth comes from the efforts of people striving for success. Take away their incentive with badmouthing success and you take away the wealth that helps us take care of the needy.

The basic law of capitalism is you or I, not both you and I.

Supporting the entrepreneurial spirit is our best chance for economic progress.

People getting rich in a free society in general - with some scammy exceptions, which are rare - makes everyone else richer, too.

Capitalism works.

'Big business' was a bad phrase in India. To be accused of being big business was the worst accusation you could make. All that has gone now. The whole mindset has changed.

Under capitalism each individual engages in economic planning.

Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest.

In America, business is the first object in view at all times, and rightly it should be so.

In a capitalist society, persons who create capital, like Michael Eisner, are given the staggering rewards.