Innovations Are Changes Which Cannot Be Decomposed

The Perennial Gale Of Creative Destruction

Recognition Of The Inevitability Of Comprehensive Bureaucratization Does Not Solve The Problems That Arise Out Of It.

There Is Another Method Of Obtaining Money... It Does Not Presuppose The Existence Of Accumulated Results Of Previous Development, And Hence May Be Considered As The Only One Which Is Available In Strict Logic. This Method Of Obtaining Money Is The Creation Of Purchasing Power By Banks. The Form It Takes Is Immaterial.

The Capitalist Engine Is First And Last An Engine Of Mass Production Which Unavoidably Also Means Production For The Masses. . . . It Is The Cheap Cloth, The Cheap Cotton And Rayon Fabric, Boots, Motorcars And So On That Are The Typical Achievements Of Capitalist Production, And Not As A Rule Improvements That Would Mean Much To The Rich Man. Queen Elizabeth Owned Silk Stockings. The Capitalist Achievement Does Not Typically Consist In Providing More Silk Stockings For Queens But In Bringing Them Within Reach Of Factory Girls.

Surely, Nothing Can Be More Plain Or Even More Trite Common Sense Than The Proposition That Innovation [...] Is At The Center Of Practically All The Phenomena, Difficulties, And Problems Of Economic Life In Capitalist Society.