Joseph Schumpeter person
also: Schumpeter
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Joseph Schumpeter member_of
Hoover Institution documented
“We're talking about the pessimism of Joseph Schumpeter. You can look him up on your own. He says, Schumpeter was pessimistic. He says, can capitalism survive? He asked in his book, Capitalism, Socialism, and Democracy from 1942. His answer …”
▶ The Shadow State 71 Fabian Socialists Pt. 4 @ 1:06:54
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▶ 1:06:54
We're talking about the pessimism of Joseph Schumpeter. You can look him up on your own. He says, Schumpeter was pessimistic. He says, can capitalism survive? He asked in his book, Capitalism, Socialism, and Democracy from 1942. His answer …
▶ 1:07:24
By temperament, a conservative who was hostile to the New Deal and allergic to Keynesianism, Schumpeter gradually tired of the cocoon on the banks of the Charles and came very close to moving to Yale on the eve of World War II. Yet Schumpet…
▶ 1:07:55
Its propensity for creative destruction is also a source of weakness. Disruption may be the process that clears out the obsolescent and fosters the advent of the new, but precisely for that reason, it can never be universally loved. Second,…
▶ 1:08:29
Third, capitalism creates, educates, and subsidizes invested interest in social unrest, namely intellectuals. Here was the influence of Harvard. Schumpeter knew where we spoke. Finally, Schumpeter noted, socialism is politically irresistibl…