Can Capitalism Survive?

More about the book

The book explores the premise that capitalism is doomed to fail, a viewpoint articulated by Schumpeter in his analysis. He argues that capitalism's own successes will lead to its downfall, as it generates an intellectual class that critiques the very system that supports it. Unlike Marx, who anticipated capitalism's demise with enthusiasm, Schumpeter expresses a more somber outlook, likening his prediction to a doctor's prognosis for a patient. This work, originally part of a larger text, provides a critical examination of economic systems and their inherent contradictions.