Podcast
The Weekly Show with Jon Stewart
The book was cited as the source where Schumpeter introduced the concept of "creative destruction" and argued that capitalism's greatest achievement was making items like silk stockings affordable for factory girls rather than just the elite. Jon Stewart referenced this point during the episode, using it to illustrate the broader impact of capitalist innovation.
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The book was mentioned as the source where Joseph Schumpeter coined the term 'creative destruction' and argued that capitalism's great achievement was bringing goods like silk stockings within reach of factory girls.
And in a book during World War II called Capitalism, Socialism and Democracy, he said, you know, the great achievement of capitalism was not making more silk stockings for queens, the queens of England, the queens of Europe, but bringing them in reach of factory girls.