The intellectual and social climate needed to allow entrepreneurship to thrive will not exist in advanced capitalism.

Creative Destruction is the essential fact about capitalism.

To the believer Marxism presents, first, a system of ultimate ends that embody the meaning of life and are absolute standards by which to judge events and actions.

At the heart of capitalism is creative destruction.

For the duration of its collective life, or the time during which its identity may be assumed, each class resembles a hotel or an omnibus, always full, but always of different people.

Surely, nothing can be more plain or even more trite common sense than the proposition that innovation [...] is at the center of practically all the phenomena, difficulties, and problems of economic life in capitalist society.

Success depends on intuition, on seeing what afterwards proves true but cannot be established at the moment.