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If socialism is defined as ownership of the means of production--and this is both the orthodox and the only rigorous definition--then the United States is the first truly Socialist country.
Peter Drucker
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Peter Drucker
Age: 95 †
Born: 1909
Born: November 19
Died: 2005
Died: November 11
Author
Businessperson
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Economist
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Philosopher
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Vienna
Austria
Peter F. Drucker
Peter Ferdinand Drucker
Truly
Orthodox
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Socialist
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Socialism
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Ownership
More quotes by Peter Drucker
There is an unbroken chain of opposition to the introduction of economic freedom and to the capitalist autonomy of the economic sphere... In every case the opposition could only be overcome - peacefully or by force - because of the promise of capitalism to establish equality... That this promise was an illusion we all know.
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The problem in my life and other people's lives is not the absence of knowing what to do but the absence of doing it.
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Every success creates new opportunities. So does every failure.
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Keep your eye on the task, not on yourself. The task matters, and you are a servant
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We live in an age of unprecedented opportunity: If you’ve got ambition and smarts, you can rise to the top of your chosen profession, regardless of where you started out.
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Success always obsoletes the very behavior that achieved it.
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Innovation is the specific tool of entrepreneurs, the means by which they exploit change as an opportunity for a different business or a different service.
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Far too much reorganization goes on all the time. Organizitis is like a spastic colon.
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There is nothing worse than doing the wrong thing well.
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Innovation requires us to systematically identify changes that have already occurred in a business - in demographics, in values, in technology or science - and then to look at them as opportunities. It also requires something that is most difficult for existing companies to do: to abandon rather than defend yesterday.
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Quality in a service or product is not what you put into it. It is what the client or customer gets out of it.
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The better a man is the more mistakes will he make – for the more new things he will try.
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One cannot manage change. One can only be ahead of it.
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...because knowledge rapidly deteriorates unless it is used constantly, maintaining within an organization an activity that is used only intermittently guarantees incompetence.
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The dilemma of modern society: the conflict between the need for capital formation at a high rate and the popular condemnation of interest and dividends as unearned income and capitalist, if not as sinful and wicked.
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The fewer data needed, the better the information. And an overload of information, that is, anything much beyond what is truly needed, leads to information blackout. It does not enrich, but impoverishes.
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Follow effective action with quiet reflection. From the quiet reflection will come even more effective action.
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Political freedom is neither easy nor automatic, neither pleasant nor secure. It is the responsibility of the individual for the decisions of society as if they were his own decisions-as in moral truth and accountability they are.
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Mission defines strategy, and strategy defines structure.
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Decisions of the kind the executive has to make are not made well by acclamation. They are made well only if based on the clash of conflicting views...The first rule in decision-making is that one does not make a decision unless there is disagreement.
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