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Joseph Schumpeter

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For one thing, to predict the advent of big business was considering the conditions of Marx's day an achievement in itself.
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Part I, Chapter III, pg.34

 
Joseph Schumpeter

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All of Marx’s major predictions have turned out to be wrong. He said that societies based on a market economy would suffer spiraling class polarization and the disappearance of the middle class. Every society lucky enough to enjoy the fruits of a market economy shows that Marx was wrong about that. He predicted the growing immiseration and impoverishment of the working class in capitalist societies. (Actually, he didn’t merely predict that it would happen, he predicted that it would happen necessarily and inevitably—thanks, Hegel!) The opposite has happened. Indeed, as Kolakowski notes, “in the second edition of Capital Marx updated various statistics and figures, but not those relating to workers’ wages; those figures, if updated, would have contradicted his theory.”

 
Karl Marx
 

The deeper we trace the political influences in history, the more are we convinced that the "will to power" has up to now been one of the strongest motives in the development of human social forms. The idea that all political and social events are but the result of given economic conditions and can be explained by them cannot endure careful consideration. That economic conditions and the special forms of social production have played a part in the evolution of humanity everyone knows who has been seriously trying to reach the foundations of social phenomena. This fact was well known before Marx set out to explain it in his manner. A whole line of eminent French socialists like Saint–Simon, Considerant, Louis Blanc, Proudhon and many others had pointed to it in their writings, and it is known that Marx reached socialism by the study of these very writings.

 
Rudolf Rocker
 

An additional reason for caution in dealing with corporations is to be found in the international commercial conditions of to-day. The same business conditions which have produced the great aggregations of corporate and individual wealth have made them very potent factors in international Commercial competition. Business concerns which have the largest means at their disposal and are managed by the ablest men are naturally those which take the lead in the strife for commercial supremacy among the nations of the world. America has only just begun to assume that commanding position in the international business world which we believe will more and more be hers. It is of the utmost importance that this position be not jeoparded, especially at a time when the overflowing abundance of our own natural resources and the skill, business energy, and mechanical aptitude of our people make foreign markets essential. Under such conditions it would be most unwise to cramp or to fetter the youthful strength of our Nation. Moreover, it cannot too often be pointed out that to strike with ignorant violence at the interests of one set of men almost inevitably endangers the interests of all. The fundamental rule in our national life —the rule which underlies all others—is that, on the whole, and in the long run, we shall go up or down together.

 
Theodore Roosevelt
 

All the sophisticated syllogisms of the ponderous volumes published by Marx, Engels, and hundreds of Marxian authors cannot conceal the fact that the only and ultimate source of Marx's prophecy is an alleged inspiration by virtue of which Marx claims to have guessed the plans of the mysterious powers determining the course of history. Like Hegel, Marx was a prophet communicating to the people the revelation that an inner voice had imparted to him.

 
Karl Marx
 

I want to put paid to this idea that if you've nothing to fear, you've nothing to hide. I interviewed a really interesting guy in this book. He ran the data campaign for the Obama election, when Obama was being elected. And what they do is they just harvest huge troves of databases. And they're doing it for the basis of trying to predict who might vote for Obama in the election. And he just took me through this whole data business – data brokerage, data dealing. And he showed me this 10,000... well, it was a 464 page dictionary, a data dictionary, with 10,000 data units in it. So that's for every person, it's 10,000 things that you could find out about that person. Their political association, if they drink Coke or Diet Coke, what sort of magazines do they subscribe to, have they ever had any court cases against them. It's just like a raft of stuff. The problem is, is how these things are used. It's fine if somebody wants to sell you some products, but increasingly states are accessing all this information. And they're building algorithms to try and predict criminals. ... It's pretty well-known that the National Security Agency in America is building algorithms and it's taking all of these datasets and basically trying to predict who is going to be a problem for us in future. And to me that just seems an incredibly dangerous road for us to go down, that you’re no longer innocent until proven guilty. We’re starting to imagine or predict who is going to be a problem.

 
Heather Brooke
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