Pessimism only describes an attitude, and not facts, and hence is entirely subjective.

The State becomes society or humanity on the ethical side, a production and trade system on the economic side

Capitalism is not an economic system, but a world-outlook, or rather, a part of a whole world-outlook

If pessimism is despair, optimism is cowardice and stupidity. Is there any need to choose between them?

The independence of the economic sphere was a tenet of faith with Liberalism

The 19th century was the age of Individualism the 20th and 21st are the ages of Socialism.

Pessimism only describes an attitude, and not facts, and hence is entirely subjective.