Joseph Schumpeter Quotes

When capitalism changes, so must socialism.

Capitalism is at least tolerable, which cannot be said of Socialism or Communism.

Neither Capitalism nor Socialism can pretend to be an ideology. They are merely methods for dividing ownership and income.

A Socialist Government cannot carry on a capitalist system better than the capitalists. The men bred by a capitalist system are men of affairs who understand their business. They are not apprentices.

Capitalism did not arise because capitalists stole the land and the workmen's tools, but because it was more efficient than feudalism. It will perish because it is not merely less efficient than socialism, but actually self-destructive.

As a poodle may have his hair cut long or his hair cut short, as he may be trimmed with pink ribbons or with blue ribbons, yet he remains the same old poodle, so capitalism may be trimmed with factory laws, tenement laws, divorce laws and gambling laws, but it remains the same old capitalism. These “humanitarian parts” are only trimming the poodle. Socialism, one and inseparable with its “antirent and anticapital parts,” means to get rid of the poodle..

While there's capitalism, there'll be socialism, because there is always a response to injustice.

Capitalism is war; socialism is peace.

Capitalism still wants to beat socialism in the end.

We socialists live to some extent in symbiosis with capitalism.

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

Capitalism Survive?—I have tried to show that a socialist form of society will inevitably emerge from an equally inevitable decomposition of capitalist society.

Capitalism is an evil, and you cannot regulate evil. You have to eliminate it and replace it with something that is good for all people and that something is democracy.

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.

This old Germany was partly defeated in its conflict with the progressive ideas of socialism, for it had given the people nothing that could serve as a successful alternative to socialism.

Socialism states that you owe me something simply because I exist. Capitalism, by contrast, results in a sort of reality-forced altruism: I may not want to help you, I may dislike you, but if I don't give you a product or service you want, I will starve. Voluntary exchange is more moral than forced redistribution.

Socialism is nothing but the capitalism of the lower classes.

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

In socialism, private property is anathema, and equal distribution of income the first consideration. In capitalism, private property is cardinal, and distribution left to ensue from the play of free contract and selfish interest on that basis, no matter what anomalies it may present.

The revolution eats its own. Capitalism re-creates itself.

Communism doesn't work because people like to own stuff

Capitalism is so successful economically that it creates, educates and subsidizes a vested interest in social unrest.

What is the difference between Capitalism and Communism? Capitalism is the exploitation of man by man. Communism is the opposite.

If experts were usually right, socialism would prevail.

We cannot remove the evils of capitalism without taking its source of power: ownership.