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Schumpeter Gone Wild (The economic landscape is littered with examples of creative destruction)
The Weekly Standard ^ | 11/29/2005 | Irwin M. Stelzer

Posted on 11/29/2005 3:07:22 PM PST by nickcarraway

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1 posted on 11/29/2005 3:07:25 PM PST by nickcarraway
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To: nickcarraway

Is there any way to keep this "creative destruction" in its economic box? It so often bleeds over into the cultural sphere, leading to all these wacky rewrites of Christmas songs, the exaltation of some old perversion, or the destruction of some old cultural tradition which has long formed a decent citizenry. And of course there's a pretty penny to be made by encouraging experiments in living badly, or madly.


2 posted on 11/29/2005 3:16:58 PM PST by Dumb_Ox (Hoc ad delectationem stultorum scriptus est)
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To: nickcarraway

The real pity is that GM produces/produced real automotive icons: 57 BelAire, 59 Cadillac, 63 Corvette, 68 Corvette, GTO/442/GS/Chevelle, 68 and 76 Eldorado, 68 Blazer, 06 Corvette Z06, and many more. It'll be a shame if it's all lost. GM better get off its collective ass.


3 posted on 11/29/2005 3:19:54 PM PST by Little Pig (Is it time for "Cowboys and Muslims" yet?)
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To: Little Pig

Your recital of GM clasics is impressive.


4 posted on 11/29/2005 3:25:10 PM PST by brivette
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To: nickcarraway

should I read this?


5 posted on 11/29/2005 3:42:18 PM PST by the invisib1e hand (whatever)
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To: the invisib1e hand

Of course. It briefly mentions Adam Smith.


6 posted on 11/29/2005 3:50:46 PM PST by nickcarraway (I'm Only Alive, Because a Judge Hasn't Ruled I Should Die...)
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To: brivette; Little Pig
GM classic?


1930 Sixteen
7 posted on 11/29/2005 3:51:32 PM PST by nicollo (All economics are politics)
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To: nickcarraway

Excellent article. Learn something every day on FR (I did not know Schumpeter was not the best horseman in Austria :-))

Seriesly, this is why when people look at this "destruction" and claim the sky is falling, they often are missing the point.


8 posted on 11/29/2005 3:51:40 PM PST by wouldntbprudent
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To: wouldntbprudent
...this is why when people look at this "destruction" and claim the sky is falling, they often are missing the point.

The most obvious example of this is the so-called "plight of the family farmer".

9 posted on 11/29/2005 3:55:35 PM PST by shempy (EABOF)
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To: nicollo

Oh yeah, and the later V-12s as well. Talk about cars with "presence".


10 posted on 11/29/2005 3:58:13 PM PST by Little Pig (Is it time for "Cowboys and Muslims" yet?)
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To: Dumb_Ox

Cultural vs economic change are not always analogous. The two have little to do with eachother, actually.

Note, for example, that education could and *should* face the 'creative destruction' now happening to other information-based industries. The Cultural leftists are the main allies of the teachers unions and both will be the main force *opposing* change in the education sphere.


11 posted on 11/29/2005 3:58:13 PM PST by WOSG (http://freedomstruth.blogspot.com/)
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To: nickcarraway
Of course. It briefly mentions Adam Smith.

Oh! And the Koran has a whole chapter on Mary!

/sarc. I promise to read it. The article, that is.

12 posted on 11/29/2005 4:03:52 PM PST by the invisib1e hand (whatever)
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To: nickcarraway

Instead of the employee-discount deal, maybe GM could offer the employee-benefit deal: buy one of their vehicles and get the same health and pension bennies their employees get. Why not--you're paying for it anyway.


13 posted on 11/29/2005 4:17:47 PM PST by randog (What the....?!)
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To: nickcarraway

ping!


14 posted on 11/29/2005 4:18:01 PM PST by mr_hammer (They have eyes, but do not see . . .)
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To: shempy

True.

If GM goes under, it could be the best thing ever for Detroit. Not to downplay the bad effects on individuals, but look at NO after Katrina---economically it will be able to get with the program, no more plantation-based economics.


15 posted on 11/29/2005 4:18:35 PM PST by wouldntbprudent
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To: WOSG
Cultural vs economic change are not always analogous. The two have little to do with eachother, actually.

Bringing women into the workplace en masse was a cultural change as well as an economic one. I likely know hundreds of commericals by memory, yet not nearly as many poems, music, or prayers, a situation I am hoping to remedy. How is the rise of economics-driven commercial culture not a cultural change? You've seen all those stupid "Be original! Buy this Soft Drink!" spots.

I wouldn't be surprised if "Creative destruction" in the eyes of many economic movers and shakers did encompass destroying our cultural inheritance. Jacobin capitalists, if you will.

16 posted on 11/29/2005 4:24:17 PM PST by Dumb_Ox (Hoc ad delectationem stultorum scriptus est)
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To: Little Pig
Right you are, indeed -- what presence!

However, those V-12s never really worked out. The biggest consumer of V16s and V12s was New York's J.P. Carey Co., today's largest limousine company. Carey's grandson, who learned to drive on his father's Sixteen, told me that the Twelves were "dogs." From a sales and marketing point of view for Cadillac, the Twelves didn't really serve any purpose other than to counter the Lincoln Twelve and to be a step down from the Sixteen.

Outside the Classic Era, this is my favorite Cadillac:



I love the early-Sixties straight lines, especially on the elongated chassis of the Series 75.

17 posted on 11/29/2005 4:26:45 PM PST by nicollo (All economics are politics)
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To: nickcarraway

GM's fall might be more painful for having been delayed so long by protectionism, such as quotas on Japanese made cars and high tariffs on 2-door trucks. GM was in a better position in earlier years to have adjusted to the market, if it had been forced to.


18 posted on 11/29/2005 4:39:23 PM PST by kenavi ("Remember, your fathers sacrificed themselves without need of a messianic complex." Ariel Sharon)
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To: nickcarraway; A. Pole; Clemenza; PARodrig; rmlew; Do not dub me shapka broham
ping



19 posted on 11/29/2005 4:54:46 PM PST by Cacique (quos Deus vult perdere, prius dementat ( Islamia Delenda Est ))
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To: Cacique; Sam the Sham; A. Pole
Even the Communitarians and Paleos must agree that GM deserves to die, due to incompetant management since the post war era, which, "coincedently", was the period where they and the other three (Ford, Chrysler, and AMC) had ZERO competition.

The restructuring of our auto industry will only be for the better, as corporocrats and managerial dead wood are phased out as are expensive, unskilled workers.

I drive a Hyundai btw.

20 posted on 11/29/2005 5:02:35 PM PST by Clemenza (I am here to chew bubblegum and kick ass, and I'm all out of bubblegum!)
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