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Gentlemen, you are worried about the depression[sic]. You should not be. For capitalism, a depression is a good, cold douche.

— Joseph Schumpeter

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Capitalism

More quotes by Joseph Schumpeter

The first thing a man will do for his ideals is lie.

In economic life competition is never completely lacking, but hardly ever is it perfect.

Economists have never allowed their analysis to be influenced by psychologists of their time, but have always framed for themselves such assumptions about psychical processes as they have thought it desirable to make.

History of Economic Analysis (1945)

This civilization is rapidly passing away, however. Let us rejoice or else lament the fact as much as everyone of us likes; but do not let us shut our eyes to it.

The March into Socialism (1949)

The swarm-like appearance of new combinations easily and necessarily explains the fundamental features of periods of boom.

The Theory of Economic Development (1934)

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I have no doubt that the revolution will triumph. The people of the world will prevail, seize power, seize the means of production, wipe out racism, capitalism.

Huey P. Newton Revolutionary Suicide (1973)

The most obvious negative feature of capitalism is that it can produce private monopolies that restrict output and thereby harm consumers.

Dennis Mueller The Oxford Handbook of Capitalism (2012)

The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries.

Winston Churchill

Capitalism has neither the capacity, nor the moral, nor the ethics, nor the will to solve the problems of poverty.

Fidel Castro

Attribution

Quote text and notes from Wikiquote: Joseph Schumpeter (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.