Can Capitalism Survive? 80 Years After Schumpeter’s Answer
Reprinted from the Future of Freedom Foundation Eighty years ago, in the midst of the Second World War, Austrian-born economist Joseph A. Schumpeter published one of his most famous books, Capitalism, Socialism, and Democracy (1942). A central question that he asked and tried to answer was, “Can Capitalism Survive?” His basic conclusion was, “No, I do not