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To: meadsjn

No, I was responding to your opposition to the term “creative destruction” by giving you an example of it—and asking you what term you would use instead.


35 posted on 05/20/2016 4:01:32 PM PDT by 1rudeboy
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To: 1rudeboy
You can read up on the origins of the term "creative destruction" here, from among the ramblings of people like Marx and Schumpeter, and then some others.

The below quote is from Schumpeter which provides an answer for the current electoral tsunami approaching the US, for those with the ability to understand (in bold).

In Capitalism, Socialism and Democracy (1942), Joseph Schumpeter developed the concept out of a careful reading of Marx’s thought (to which the whole of Part I of the book is devoted), arguing (in Part II) that the creative-destructive forces unleashed by capitalism would eventually lead to its demise as a system (see below).[7]

That predicted "demise of capitalism as a system" applies to an economy wherein managers have lost the ability to manage; to adapt their resources to changing markets and technologies, in order to continue capitalizing on the returns from those resources with new application and innovation. Lots of mismanagement in business and government.
36 posted on 05/20/2016 8:46:28 PM PDT by meadsjn
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