Jamal Awil

← The Birth of Biopolitics

. [fact]

For Schumpeter, capitalism cannot avoid this concentration; .it cannot avoid a sort of transition to socialism being brought about within its own development, since this, for Schumpeter, is what defines socialism: "a system in which a central authority will be able to control the means of production and production itself.,, So the transition to socialism is not inscribed in the historical necessity of capitalism by virtue of an illogicality or irrationality specific to the capitalist economy, but due to the organizational and social necessity entailed by the competitive market.

Michel Foucault, The Birth of Biopolitics, loc. 949