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"As a matter of fact, capitalist economy is not and cannot be stationary. Nor is it merely expanding in a steady manner. It is incessantly being revolutionized from within by new enterprise, i.e., by the intrusion of new commodities or new methods of production or new commercial opportunities into the industrial structure as it exists at any moment."

— Joseph A. Schumpeter
joseph a. schumpeter Quotes Expanding,Facts,Capitalist

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Joseph A. Schumpeter
Expanding
Facts
Capitalist
Enterprise
Economy
Commodity
Matter Of Fact
Intrusion
Incessantly
Capitalist Economy

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We may now have reached a point where this gap in our make-up has become unsustainable; partly because what in the past would have counted as material plenty has become the norm for the majority in much of the world; and partly because the slow retreat of religion that coincided with the spread of a capitalist economy has left a gaping hole in millions of people's lives. (Geoff Mulgan)

— Dalai Lama

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No economic activity was more irrepressible [in the 14th century] than the investment and lending at interest of money; it was the basis for the rise of the Western capitalist economy and the building of private fortunes-and it was based on the sin of usury.

— Barbara Tuchman

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