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This civilization is rapidly passing away, however. Let us rejoice or else lament the fact as much as everyone of us likes; but do not let us shut our eyes to it.
Joseph A. Schumpeter
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Interpretation

What this quote means

Schumpeter points out that while civilization may be declining, we should acknowledge this reality instead of ignoring it.

In this quote, Joseph A. Schumpeter reflects on the transient nature of civilization, urging individuals to either celebrate or mourn its decline, but most importantly, to recognize and confront this truth rather than turning a blind eye to it. This statement prompts deep contemplation about societal changes and the acceptance of life’s impermanence.

Themes

CivilizationChangeRealityAcknowledgmentTransience

In practice

Example use cases

In a discussion about societal changes, this quote can highlight the importance of facing the truth.

More from Joseph A. Schumpeter

Capitalism stands its trial before judges who have the sentence of death in their pockets. They are going to pass it, whatever the defense they may hear; the only success victorious defense can possibly produce is a change in the indictment.
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We always plan too much and always think too little.
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The function of entrepreneurs is to reform or revolutionize the pattern of production by exploiting an invention or, more generally, an untried technological possibility for producing a new commodity or producing an old one in a new way, by opening up a new source of supply of materials or a new outlet for products, by reorganizing an industry and so on.
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It is however always important to remember that the ability to see things in their correct perspective may be, and often is, divorced from the ability to reason correctly and vice versa. That is why a man may be a very good theorist and yet talk absolute nonsense.
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Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest.
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Recognition of the inevitability of comprehensive bureaucratization does not solve the problems that arise out of it.
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