Creative Destruction

[Ian Livingston]

I know nothing about this 'creative destruction' as a capitalist
compulsion, but it sounds like it might be a great way of rephrasing
early modernist European 'nihilism', as advocating the destruction of
haywire systems so that working ones might replace them. It was a
central tenet of early anarchism, especially as represented in
Dostoevsky, that all government is bad government. Is that, I wonder,
what is more pertinent in Pynchon?

On Wed, Jan 18, 2012 at 9:59 AM, Richard Fiero <rfiero at gmail.com> wrote:
> The creative destruction notion is simple shit. No wonder it's on the blogs.
> The vulture bankers have a well-defined mission: make money for themselves
> and their investors. For every company hollowed out and pension fund
> drained, other pension funds benefit by investing in Bain. It's the bankers
> that don't like Bain because it doesn't play by the accepted rules: make the
> highest bid, buy and go away. Bain as the highest bidder will bitch about
> the deal and attempt to lowball it when the other bidders have been sent
> away.
>
>
> David Morris wrote:
>>
>> This term is flying through political blogs lately in reference to
>> Romney's Bain Capitol leadership.  I hadn't heard of it before, but it
>> seems a concept that is central to much of TRP's concerns.  I'm
>> susrpised I've never seen in in his books.  Have I just missed it?
>>
>> http://www.econlib.org/library/Enc/CreativeDestruction.html
>>
>> "Herein lies the paradox of progress. A society cannot reap the
>> rewards of creative destruction without accepting that some
>> individuals might be worse off, not just in the short term, but
>> perhaps forever. At the same time, attempts to soften the harsher
>> aspects of creative destruction by trying to preserve jobs or protect
>> industries will lead to stagnation and decline, short-circuiting the
>> march of progress. Schumpeter's enduring term reminds us that
>> capitalism's pain and gain are inextricably linked. The process of
>> creating new industries does not go forward without sweeping away the
>> preexisting order."
>
>



-- 
"Less than any man have I  excuse for prejudice; and I feel for all
creeds the warm sympathy of one who has come to learn that even the
trust in reason is a precarious faith, and that we are all fragments
of darkness groping for the sun. I know no more about the ultimates
than the simplest urchin in the streets." -- Will Durant