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Tech & society

Democracy, Capitalism and “Creative Destruction”

A must-read essay by Harper’s Magazine editor Roger D. Hodge examines the state of politics in America through the lens of political economist Joseph Schumpeter, author of Capitalism, Socialism and Democracy. Like Marx, with whom he had little else in common, Schumpeterunderstood that capitalism is a permanent revolution of the means ofproduction, and he placed […]