Transcription of CAPITALISM, SOCIALISM
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CAPITALISM, SOCIALISM
CAPITALISM, SOCIALISMAND DEMOCRACYWhen Joseph Schumpeter s book first appeared, the New English Weeklypredicted that for the next five to ten years it will certainly remain awork with which no one who professes any degree of information onsociology or economics can afford to be unacquainted . The prophecy hasbeen justified, but how much more fully than its maker anticipated. Ageneration later, it is more widely read than when it first appeared. Themixed economy has become established in North America as well as inthe countries of the European Community, while in the socialist countriesthere has been a move towards various forms of decentralisation and ofa market economy.
PART IV: SOCIALISM AND DEMOCRACY 232 XX. The Setting of the Problem 235 I. The Dictatorship of the Proletariat 235 II. The Record of Socialist Parties 237 III. A Mental Experiment 240 IV. In Search of a Definition 243 XXI. The Classical Doctrine of Democracy 250 I. The Common Good and the Will of …
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