Capitalism Survive?—i Have Tried To Show That

The Perennial Gale Of Creative Destruction

It Is Quite Possible That Future Generations Will Look Upon Arguments About The Inferiority Of The Socialist Plan As We Look Upon Adam Smith's Argument About Joint Stock Companies Which, Also, Were Simply False.

The Banker, Therefore, Is Not So Much Primarily A Middleman In The Commodity "purchasing Power" As A Producer Of This Commodity. However, Since All Reserve Funds And Savings Today Usually Flow To Him, And The Total Demand For Free Purchasing Power, Whether Existing Or To Be Created, Concentrates On Him, He Has Either Replaced Private Capitalists Or Become Their Agent; He Has Himself Become The Capitalist Par Excellence.

Gentlemen, A Depression Is For Capitalism Like A Good, Cold Douche.

Nothing Is So Treacherous As The Obvious.