Posted on 03/11/2012 9:23:24 PM PDT by Lorianne
Schöpferische Zerstörung means “creative destruction” in German, and it’s a term often associated with Austrian-American economist Joseph Schumpeter. In America, we have forgotten what it means. Thanks to the Federal Reserve and other destructive creations of government, the process of creative destruction rarely takes root in American soil anymore.
The destructive portion of “creative destruction” plays a vital, therapeutic role. But the financial leaders of the U.S. and the euro zone have zero appetite for creative destruction. Instead, creative denial is the order of the day. They pump trillions of dollars of fresh credit into insolvent banks like embalming fluid into a corpse. But the fresh credit rarely revives these financial corpses. It simply enables them to keep hanging around and stinking up the place.
(Excerpt) Read more at forbes.com ...
What a nightmare.
Yes, a nightmare. A rotting stinking corpse already dead.
The banks don’t want to ever see bad loans and liquidation so they just put off the inevitable. It is like denying the dead a funeral isn’t it? Clinging to the dead body in hopes it will revive or that the final act will not be executed.
The natural cycle of life and the physical universe is indeed the constant breakdown of the old to recombine into the new. While economics should follow some natural pattern in a free market, politics has a way of injecting itself into all human endeavors. Politics in this case referring to the struggle for power in any given situation, those who have it want to keep it, those who don’t want it, with lies deception and manipulation being the weapons of choice in this struggle. Reality and truth seem to be more of a problem then a solution for those in power. The only slightly comforting thing in all of this is that the natural process of change which is often the price for our incompetence, can only be delayed and postponed it can’t be stopped. The goal of most political interference is to make other people, not your own group happen to be standing on the wrong side of the proverbial fan when it finally hits.
...”The natural cycle of life and the physical universe is indeed the constant breakdown of the old to recombine into the new. While economics should follow some natural pattern in a free market, politics has a way of injecting itself into all human endeavors. Politics in this case referring to the struggle for power in any given situation, those who have it want to keep it, those who don’t want it, with lies deception and manipulation being the weapons of choice in this struggle. Reality and truth seem to be more of a problem then a solution for those in power. The only slightly comforting thing in all of this is that the natural process of change which is often the price for our incompetence, can only be delayed and postponed it can’t be stopped. The goal of most political interference is to make other people, not your own group happen to be standing on the wrong side of the proverbial fan when it finally hits”...
You are brilliant, Dog Breath..I feel some relief just knowing that thinking people like you are out there somewhere.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.