Learning Paths » 5B Interacting
The article is taken from a blog of "The Economist". The text is organized
in two different parts: in the first one we have an introduction paragraph that
deals with the topic which is capitalism or in general business. In the second
one we have some definitions of capitalism given by very important people.
The journalist thinks that the best definition of capitalism is given by
Josep Schumpeter: the essential fact about capitalism, he wrote in 1942, is
creative destruction.
The gangster Al Capone considers capitalism an illegal way of making money
belonging to the ruling class, Winston Churchill defines it as a
cow people can milk, Carl Marx describes capital as a money and as commodities, Josep Schumpeter say that
"capitalism is being killed by its achievements".