Proutist UniversalSchumpeter was one of the most influential economists of the 20c, an Austrian/American who focused on innovation. #Prout #Capitalism #Economics #Democracy
prau@proutistuniversal The market economy, even if corrupted by anti-capitalist governments and hated by an economically illiterate population, will survive as long as people live. #Schumpeter was right only in that it would not be pure #capitalism, but #statism.
@prau Could be. However, scale is important. The term 'crony capitalism' describes what happens when the market economy is allowed to run riot. Monopolies; speculation; income inequality; profit above all else. We're arguing for an economy that works for everybody, not just a few, and that requires some guardrails, and some restructuring. More cooperatives, for example. Private businesses are great, but should be limited in scale.