“Can Capitalism Survive?” Ch. 3 – Process of Creative Destruction by Joseph Schumpeter (1942)

“Can Capitalism Survive?” Ch. 3 – Process of Creative Destruction by Joseph Schumpeter (1942) Monopolistic & Oligarchic Competition can be used in 2 ways to be made to show Capitalism isn’t the way for maximum production performance Some might say it’s always been that way but we’re only just now seeing it & it’s been… Read more “Can Capitalism Survive?” Ch. 3 – Process of Creative Destruction by Joseph Schumpeter (1942)

“Can Capitalism Survive?” Ch. 2 – Plausible Capitalism by Joseph Schumpeter (1942)

“Can Capitalism Survive?” Ch. 2 – Plausible Capitalism by Joseph Schumpeter (1942) We’ve projected average increase of total available production forward from 1928 o show the significance of past development & that it wouldn’t be shocking to see But there’s no justification for that projection/extrapolation especially so far into the future – mostly to give… Read more “Can Capitalism Survive?” Ch. 2 – Plausible Capitalism by Joseph Schumpeter (1942)

“Can Capitalism Survive?” Ch. 1 – The Rate of Increase of Total Output by Joseph Schumpeter (1942)

“Can Capitalism Survive?” Ch. 1 – The Rate of Increase of Total Output by Joseph Schumpeter (1942) Capitalism already has 2 strikes against it with a lot of people with respect to economics & cultural results In fact, it’s a breach of etiquette not to condemn it You have to point out its inadequacies &… Read more “Can Capitalism Survive?” Ch. 1 – The Rate of Increase of Total Output by Joseph Schumpeter (1942)

“How Capitalism Was Built” by Anders Aslund – Chapter 2: Shock Therapy v. Gradualism

“How Capitalism Was Built” by Anders Aslund – Chapter 2: Shock Therapy versus Gradualism 28 countries totaling 400 million people were suddenly faced with a choice in political & economic systems Many intellectuals were pushing a “normal society”, meaning Western-style Democracy with a market economy, predominant private property, & rule of law East & Central… Read more “How Capitalism Was Built” by Anders Aslund – Chapter 2: Shock Therapy v. Gradualism

“How Capitalism Was Built” by Anders Aslund – Chapter 1: Communism & Its Demise

“How Capitalism Was Built” by Anders Aslund – Chapter 1: Communism & Its Demise (NOTES) Real Socialism Communist system was the most thoroughly politicized system the world has seen Political structure, undivided power or party & inter-penetration of party of party & state, suppression of all forces that depart from or oppose the party’s policy… Read more “How Capitalism Was Built” by Anders Aslund – Chapter 1: Communism & Its Demise

“Manifesto of the Communist Party” – Karl Marx and Friedrich Engels

“Manifesto of the Communist Party” – Karl Marx and Friedrich Engels Introduction Communism is coming. All of the old powers of Europe right and left to stop it This is an acknowledgement that Communism is a force to be reckoned with Communists need to stop hiding and make themselves be heard Chapter 1 – Bourgeois… Read more “Manifesto of the Communist Party” – Karl Marx and Friedrich Engels