Capitalism: Getting Ahead and Staying Ahead

Joseph Schumpeter described capitalism as a process of creative destruction, and an economic system that is always changing, never stationary. He called capitalism an evolutionary process and said the engine that keeps the economy advancing is entrepreneurship. In a capitalist economy, people get ahead by being entrepreneurial: looking for ways to create value for others.
In a capitalist economy, people acquire resources and build their wealth through voluntary exchange. Nobody is forced to transact in a market, so getting ahead means creating value for others so that those others want to buy what those who are striving to get ahead have

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