In all cases, not only in the two which we have analyzed, recovery came of itself. There is certainly this much of truth in the talk about the recuperative powers of our industrial system. But this is not all: our analysis leads us to believe that recovery is sound only if it does come of itself. For any revival which is merely due to artificial stimulus leaves part of the work of depressions undone and adds, to an undigested remnant of maladjustment, new maladjustment of its own which has to be liquidated in turn, thus threatening business with another crisis ahead. Particularly, our story provides a presumption against remedial measures which work through money and credit. For the trouble is fundamentally not with money and credit, and policies of this class are particularly apt to keep up, and add to, maladjustment, and to produce additional trouble in the future.
Joseph SchumpeterRelated topics
add additional analysis apt believe business came class credit crisis due future industrial leaves maladjustment money presumption produce recovery recuperative remedial remnant revival sound stimulus story system talk threatening thus trouble truth turn undo work powersRelated quotes
If Christ were to walk in this world today, do you know what would happen to Him? He would be placed in a mental institution and given psycho-therapy, just as would His Saints. The world would crucify Him today just as it did 2000 years ago, for the world has not learned a thing, except more devious forms of hypocrisy. And what would happen if, in one of my classes at the university, I would one day tell my students that all the learning of this world is of no importance beside the duty of worshipping God, accepting the God-man who died for our sins, and preparing for the life of the world to come? They would probably laugh at me, and the university officials, if they found out, would fire me-for it is against the law to preach the Truth in our universities. We say that we live in a Christian society, but we do not: we live in a society.
Seraphim Rose
What, then, is the animal? First of all, a system of plant-souls. The unity of those plant-souls, which unity nature itself produces, is the soul of the animal. Its world is therefore partly that of the plants - its nourishment, for instance, it receives partly through synthesis from vegetable, and through analysis from animal nature - and partly that of the animals, whereof we shall speak directly. Each product of nature is an organically in-itself completed totality in space, like the plant. Hence, the unknown x which we are looking for must also be such a whole or totality, and in so far it must also have a principle of organization, a sphere and central point of this organization; in short, the same which we have called the soul of the plant, which thus remains common to both. ... The animal is a system of plant-souls, and the plant is a separated, isolated part of an animal. Both reciprocally affect each other.
Johann Gottlieb Fichte
My friends, the Republican Party did not win the midterm election in November: We lost that election. We lost because voter turnout was abysmally, embarrassingly low, and millions of working people, young people and people of color gave up on politics as usual and they stayed home. That's a fact. In my view, Democrats will not retain the White House, will not regain the Senate or the U.S. House, will not be successful in dozens of governor races across the country, unless we generate excitement and momentum and produce a huge voter turnout. With all due respect – and I do not mean to insult anyone here – that turnout, that enthusiasm, will not happen with politics as usual. The people of our country understand that given the collapse of the American middle class, and given the grotesque level of income and wealth inequality we are experiencing, we do not need more establishment politics or establishment economics.
Bernie Sanders
Today there is a new class hostile to business in general, and especially to large corporations. As a group, you find them mainly in the very large and growing public sector and in the media. They share a disinterest in personal wealth, a dislike for the free-market economy, and a conviction that society may best be improved through greater governmental participation in the country's economic life. They are the media. They are the educational system. Their dislike for the free-market economy originates in their inability to exercise much influence over it so as to produce change. In its place they would prefer a system in which there is a very large political component. This is because the new class has a great deal of influence in politics. Thus, through politics, they can exercise a direct and immediate influence on the shape of our society and the direction of national affairs.
Irving Kristol
I used to be a hide-bound Tory simply for traditional and antiquarian reasons-and because I had never done any real thinking on civics and industry and the future. The depression-and its concomitant publicisation of industrial, financial, and governmental problems-jolted me out of my lethargy and led me to reëxamine the facts of history in the light of unsentimental scientific analysis; and it was not long before I realised what an ass I had been. The liberals at whom I used to laugh were the ones who were right-for they were living in the present while I had been living in the past. They had been using science while I had been using romantic antiquarianism. At last I began to recognise something of the way in which capitalism works-always piling up concentrated wealth and impoverishing the bulk of the population until the strain becomes so intolerable as to force artificial reform.
H. P. Lovecraft
