Monday, February 24, 2020 Text is available under the CC BY-SA 3.0 licence.

Joseph Schumpeter

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Gentlemen, a depression is for capitalism like a good, cold douche.
--
(To economics students, recorded by R. L. Heilbroner, The Embarrassment of Economics, 1996)

 
Joseph Schumpeter

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Tags: Joseph Schumpeter Quotes, Sadness Quotes, Authors starting by S


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There's a real difference between venture capitalism and vulture capitalism. Venture capitalism we like. Vulture capitalism, no. And the fact of the matter is that he's going to have to face up to this at some time or another, and South Carolina is as good a place to draw that line in the sand as any.

 
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The bare bones of my life are almost unbearable. I was born during the First World War. I spent my adolescence in the Depression, and when I came of age, I was involved in the Second World War. That sounds a pretty horrible series of events. They seem perfectly natural to me. I prize the Depression, for instance, because I learned the value of things in the Depression that a way people who don't have to worry about such things never learned to prize it really, I believe. And the Second World War was a wonderful thing to be with. It's now called "the Good War." We usually referred to it as "this damned war." We didn't think of it as a good war. We did believe it was fought in a good cause.

 
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When one listens to your speeches it sounds as if you had always fought against capitalism. The truth is that it was you who gave all the power to capitalism. In this republic capitalism has grown as it had never before. You can think about the old state as you will, one thing is certain: it was not as rotten as the one you brought about! ...
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(Voice on television) Mom, can a douche make you feel more confident? (Sylvia) Not like a good stock portfolio.

 
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The people of the United States will not tolerate another deep depression that arises not from any lack of natural resources, productive capacity or man and brain power, but solely from imperfections in the functioning of the system of finance capitalism.

 
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