Schumpeter - The Man who discovered Capitalism

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Schumpeter - The Man who discovered Capitalism "Economic progress in a capitalist society means turmoil." Joseph Schumpeter 1883 - 1950 To him, recessions were the inevitable consequence of innovation.

This documentary tells the extraordinary story of the man who discovered how capitalism really works: Joseph Schumpeter. For decades, he was all but forgotten - until the digital revolution gave new traction to his theory of creative destruction. The film intertwines the story of Schumpeter`s tumultuous life with the story of the digital revolution to show why today Schumpeter`s ideas matter more

than ever. Schumpeter`s most famous idea, the concept of `creative destruction`, is now the buzzword `disruption`in Silicon Valley. And unlike most mainstream economists, Schumpeter did not regard economic crises as a failure of the system. This adds a suprising new angle of today`s economic crisis. The film features tech entrepreneurs such as Eric Wahlforss (Soundcloud) or Renaud Visage (Eventbrite) who offer insights into what it takes to be the innovative entrepreneur that Schumpeter identified as the key actor in the capitalist drama. Early Apple staff and the Silicon Valley journalist, Robert Cringley, provide the inside story of the digital revolution. Former students of Schumpeters like nobel laureate Robert Solow bring their teacher`s character and eccentricities to life. And rock star economists like Mariana Mazzucato, Carlota Perez, or the former Secretary of the Treasury, Larry Summers, show what Schumpeter`s ideas means for us today.

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