Schumpeter's Paradox: The Success of Capitalism and the Challenges of the AGI Era

This text provides an in-depth analysis of Joseph Schumpeter's thought in the context of the contemporary technological revolution driven by artificial intelligence (AGI). The author deconstructs the famous thesis of "creative destruction," demonstrating that the success of capitalism paradoxically leads to the erosion of its institutional foundations. In the age of AGI, the processes of rationalization and bureaucratization of innovation are gaining new momentum, challenging the traditional role of the entrepreneur. The article juxtaposes Schumpeter's vision with the challenges of central planning and the procedural approach to democracy as a method of elite selection. This is essential reading for those seeking to understand how technological transformation is impacting the dynamics of economic systems and the future social structure, in which the price mechanism may be subjected to unprecedented algorithmic pressure.