The essential point to grasp is that in dealing with capitalism we are dealing with an evolutionary process

Pessimistic visions about almost anything always strike the public as more erudite than optimistic ones

The evolution of the capitalist style of life could be easily - and perhaps most tellingly - described in terms of the genesis of the modern Lounge Suit.

Those revolutions are not strictly incessant; they occur in discrete rushes which are separated from each other by spans of comparative quiet. The process as a whole works incessantly however, in the sense that there always is either revolution or absorption of the results of revolution, both together forming what are known as business cycles.

The spirit of a people, its cultural level, its social structure, the deeds its policy may prepare—all this and more is written in its fiscal history, stripped of all phrases. He who knows how to listen to its message here discerns the thunder of world history more clearly than anywhere else.

The perennial gale of creative destruction

The trouble with Russia is not that she is socialist but that she is Russia.