Capitalism was doomed-not by its failures, as in Marxian analysis, but by its successes. For according to Schumpeter, capitalism alienated intellectuals, who were unhappy because they are not important players in a decentralized free-market system. Moreover, intellectuals do not like the profit motive that drives this system. But Schumpeter greatly exaggerated the long-run influence of intellectuals on public policy.
-Gary S. Becker, review of Joseph Schumpeter’s Capitalism, Socialism, and Democracy.
Another book to add to the pile.