Creative Destruction

[Ian Livingston]

> early modernist European 'nihilism', as advocating the destruction of

Suddenly recognized this gaffe. I meant, of course, late 19th C
European modernism.

On Wed, Jan 18, 2012 at 10:28 AM, Ian Livingston
<igrlivingston at gmail.com> wrote:
> I know nothing about this 'creative destruction' as a capitalist
> compulsion, but it sounds like it might be a great way of rephrasing
> 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



-- 
"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