The Perennial Gale Of Creative Destruction

There Exists No More Democratic Institution Than The Market

It Is, After All, Only Common Sense To Realize That, But For The Fact That Economic Life Is A Process Of Incessant Internal Change, The Business Cycle, As We Know It, Would Not Exist.

The Religious Quality Of Marxism Also Explains A Characteristic Attitude Of The Orthodox Marxist Toward Opponents. To Him, As To Any Believer In A Faith, The Opponent Is Not Merely In Error But In Sin. Dissent Is Disapproved Of Not Only Intellectually But Also Morally. There Cannot Be Any Excuse For It Once The Message Has Been Revealed.

Our Poverty Will Be Brought Home To Us To Its Full Extent Only After The War.

As A Matter Of Fact, Capitalist Economy Is Not And Cannot Be Stationary. Nor Is It Merely Expanding In A Steady Manner. It Is Incessantly Being Revolutionized From Within By New Enterprise, I.e., By The Intrusion Of New Commodities Or New Methods Of Production Or New Commercial Opportunities Into The Industrial Structure As It Exists At Any Moment.