Something to Chew On

Posted on May 11, 2005

Capitalism creates a critical frame of mind which, after having destroyed the moral authority of so many other institutions, in the end turns against its own; the bourgeois find to his amazement that the rationalist attitude does not stop at the credentials of kings and popes but goes on to attack private property and the whole scheme of bourgeois values.

– Joseph Schumpeter, Capitalism, Socialism, and Democracy