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Capitalism

Cermank
Posts: 3,773
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4/9/2013 6:59:32 AM
Posted: 3 years ago
Marx would be the death of me, I swear :-/ Can anyone understand what Schumpeter is trying to say here?

Most methods of social selection, unlike the methods of biological selection, do not guarantee performance of selected individuals; and their failure to do so constitutes one of the crucial problems of socialist organization that will come up for discussion at later stage of our enquiry. For the time being, it should merely be observed how well the capitalist system solves that problem: in most cases the man who rises first 'into' the business class and then 'within' it is also an able businessman and he is likely to rise exactly as far as his ability goes- simply because in that schema rising to a position and doing well in it generally is or was one and the same thing. This fact, so often obscured by the auto therapeutic effort of the unsuccessful to deny it, is much more important for an appraisal of capitalist society and its civilisation than anything that can be gleaned from pure theory of capitalist machine.

I am really out of it now.
Cermank
Posts: 3,773
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4/9/2013 12:04:24 PM
Posted: 3 years ago
OH. Alright, entry 'into' business class and then growth 'within' that structure depends on your skills. Why can't they just say that? =/

Thanks :-)