“Lack of outlets, excess capacity, complete deadlock, in the end regular recurrence of national bankruptcies and other disasters-perhaps world wars from sheer capitalist despair-may confidently be anticipated. History is as simple a that.” WorldMayWarEndsSimpleDespairCapacityDisasterWar Of The WorldsExcessCapitalistSheerOutletsBankruptcyRecurrence Book:Capitalism, Socialism and Democracy Source: Capitalism, Socialism and Democracy
“Democracy is a political method, that is to say, a certain type of institutional arrangement for arriving at political — legislative and administrative — decisions and hence incapable of being an end in itself.” EndsPoliticalCertainDecisionDemocracyTypeMethodIncapableArrangementsArrivingAdministrative Author:Joseph A. Schumpeter
“To the believer Marxism presents, first, a system of ultimate ends that embody the meaning of life and are absolute standards by which to judge events and actions.” FirstsEndsActionReligionEventsJudgingStandardsUltimateAbsolutesBelieverCommunismMeaning Of LifeMarxism Author:Joseph A. Schumpeter
“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.” FirstsImportantEndsActionEvilPlansMankindEventsJudgingStandardsUltimateAbsolutesSalvationGuidesBelieverSavedChosenMeaning Of LifeSectionsMarxismIndicationPlan Of Salvation Author:Joseph A. Schumpeter
