Creative Destruction Is The Essential Fact About

In Economic Life Competition Is Never Completely Lacking, But Hardly Ever Is It Perfect.

The Religious Quality Of Marxism Also Explains A Characteristic Attitude Of The Orthodox Marxist Toward Opponents. To Him, As To Any Believer In A Faith, The Opponent Is Not Merely In Error But In Sin. Dissent Is Disapproved Of Not Only Intellectually But Also Morally. There Cannot Be Any Excuse For It Once The Message Has Been Revealed.

Bureaucracy Is Not An Obstacle To Democracy But An Inevitable Complement To It.

For One Thing, To Predict The Advent Of Big Business Was Considering The Conditions Of Marx's Day An Achievement In Itself.

It Is, After All, Only Common Sense To Realize That, But For The Fact That Economic Life Is A Process Of Incessant Internal Change, The Business Cycle, As We Know It, Would Not Exist.