Quote by Joseph Schumpeter

"To the observer who has witnessed business cycles and the peculiarities of economic policy, the statement that capitalism means free competition seems hopelessly naive."

Joseph Schumpeter Politics
Economist Historian Austrian-American 1883–1950

More from Joseph Schumpeter

"The entrepreneur is the pivotal actor in the capitalist economy."
"Innovation is the outstanding fact in the economic history of capitalist societies."
"Capitalism is being killed by its achievements."
"The function of entrepreneurs is to reform or revolutionize the pattern of production."

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More Politics Quotes

"Fear drives civilization. Without it, there is only chaos."
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"Order through chaos. That's the only real answer."
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"Politics and power corrupt when they're separated from purpose."
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"The system isn't broken—it was built this way. We have to rebuild it."
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