Economic Success Quotes



By producing growth and an increasing standard of living and universal education, capitalism’s citizens have the time, education, and resources to protest and produce social unrest. However, that assumes that there is also a democratic state. For Schumpeter and many others, capitalism and democracy go hand in hand, but many point to historical examples of one developing faster than the other.


At the time Vidal, who shared this view with many economists, had no inkling of the digital revolution that the PC and Internet would bring, nor the other phenomena that eliminated the need for cheap labor — robotics and offshoring. Nor could he have foreseen the development of fracking making America virtually energy independent as it was before WWII. It appears that the problem has shifted from Vidal's issues, to that of what do we do with the American citizens who do not have advanced skills nor do we have methods of educating them and training them to this level. The quotation illustrates that it is always difficult predicting the future, but particularly hazardous when it comes to economics.


In a capitalistic system, if a company is very successful, it drives its competitors out of business and this leads to monopoly in that field which kills capitalism which depends on competition.


Actually, Tunisia—–had a very strong tradition of entrepreneurship in the trading business, but it had not spread to the other sectors at this time. Actually, must lesser developed countries tend to ignore the importance of entrepreneurship, and concentrate their economic development efforts on infrastructure and state controlled enterprises and strengthening the existing large businesses in the country. The latter generally do not want an entrepreneurial economy where there will be competitors threatening their typical monopolistic positions.