From Wikipedia, the free encyclopedia: Joseph Schumpeter (27 Sept 2010)
Schumpeter's theory is that the success of capitalism will lead to a form of corporatism and a fostering of values hostile to capitalism.... The intellectual and social climate needed to allow entrepreneurship to thrive will not exist in advanced capitalism; it will be replaced by socialism in some form.
Schumpeter emphasizes throughout this book that he is analyzing trends...
In Schumpeter's view it is the success of capitalism that leads to the demise of capitalism. Or as Toynbee put it, "Civilizations die from suicide."
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