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Politics : Libertarian Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Don Lloyd who wrote (4328)	10/16/2000 12:54:47 PM
From: Don Lloyd	Read Replies (2) \| Respond to of 13056

From 'Can Capitalism Survive?', by Benjamin A. Rogge, 1979, pg 28-29 "...The intellectual tends always to be a critic of the system, of the establishment... But the businessman is by nature tolerant. He wants to sell people something -- not send them to Siberia. The growing affluence of a mature capitalist society permits a continuing expansion in systems of higher education and hence in the ranks of the intellectuals. In fact, in 1942 Schumpeter accurately foresaw the current surplus of intellectuals, surplus in the sense of there being far more intellectuals than employment opportunities with income and prestige equal to the self-evaluations of such people. For this, said Schumpeter, the intellectuals will hold the capitalist system responsible, which will add fuel to their already burning critical fires. Moreover, the widening gap between their own incomes and those of the businessmen will induce them to find ego-restoring explanations of the businessman's success -- luck, exploitation, fraud, monopoly, etc. These rationalizations are described by Schumpeter as "the autotherapy of the unsuccessful."..." Regards, Don