The Perennial Gale Of Creative Destruction

The Very Foundation Of Private Property And Free Contracting Wears Away In A Nation In Which Its Most Vital, Most Concrete, Most Meaningful Types Of Private Property And Free Contracting Disappear From The Moral Horizon Of The People.

Capitalism Survive?—i Have Tried To Show That A Socialist Form Of Society Will Inevitably Emerge From An Equally Inevitable Decomposition Of Capitalist Society.

In One Important Sense, Marxism Is A Religion. To The Believer It Presents, First, A System Of Ultimate Ends That Embody The Meaning Of Life And Are Absolute Standards By Which To Judge Events And Actions; And, Secondly, A Guide To Those Ends Which Implies A Plan Of Salvation And The Indication Of The Evil From Which Mankind, Or A Chosen Section Of Mankind, Is To Be Saved.

The Banker, Therefore, Is Not So Much Primarily A Middleman In The Commodity "purchasing Power" As A Producer Of This Commodity. However, Since All Reserve Funds And Savings Today Usually Flow To Him, And The Total Demand For Free Purchasing Power, Whether Existing Or To Be Created, Concentrates On Him, He Has Either Replaced Private Capitalists Or Become Their Agent; He Has Himself Become The Capitalist Par Excellence.

Pessimistic Visions About Almost Anything Always Strike The Public As More Erudite Than Optimistic Ones