Capitalism, Socialism And Nationalism: Lessons From History
Schumpeter warned that socialism might ultimately prevail over capitalism, for four reasons. Creative disruption is rarely popular. Capitalism itself tends towards oligopoly. Intellectuals are susceptible to socialism. So are many bureaucrats and politicians. Socialism had manifestly failed everywhere it had been tried by the 1980s, apparently proving Schumpeter wrong.
February 24, 2020 via undefined via Socialism and Free Market Capitalism: The Human Prosperity Project
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Capitalism, Socialism And Nationalism: Lessons From History