Our poverty will be brought home to us to its full extent only after the war.
Meaning of the quote
The quote suggests that the full impact of our financial struggles will only become clear once the war is over. This means that although we may feel poor now, the true extent of our economic hardship will not be known until the war is finished. The economist who said this believed that the challenges the war creates will make our financial situation even more apparent once it has ended.
More quotes from Joseph A. Schumpeter
The ballot is stronger than bullets.
Our poverty will be brought home to us to its full extent only after the war.
Capitalism inevitably and by virtue of the very logic of its civilization creates, educates and subsidizes a vested interest in social unrest.
Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.
Bureaucracy is not an obstacle to democracy but an inevitable complement to it.
For the duration of its collective life, or the time during which its identity may be assumed, each class resembles a hotel or an omnibus, always full, but always of different people.
Economic progress, in capitalist society, means turmoil.
Democracy is a political method, that is to say, a certain type of institutional arrangement for arriving at political – legislative and administrative – decisions and hence incapable of being an end in itself.
Marxism is essentially a product of the bourgeois mind.