Communist Manifesto
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Was Joseph Schumpeter a Communist?
Most unlikely. But having just read the Communist Manifesto of 1848, I was struck by this highly Schumpeterian passage: “The bourgeoisie cannot exist without constantly revolutionising the instruments of production, and thereby the relations of production, and with them the whole relations of society. . . . Constant revolutionising of production, uninterrupted disturbance of all social…