Saturday, August 21, 2010

Creative Destruction

“CREATIVE DESTRUCTION: … the competition from the new commodity, the new technology, the new source of supply, the new type of organization – competition which commands a decisive cost or quality advantage and which strikes not at the margins of the profits and the outputs of the existing firms but at their foundations and their very lives”.
Joseph A. Schumpeter
end quote.

We are in the midst of a "Creative Destruction" of the American way of life. The fact that only a minority of people in the U.S. fully understand this is why there is so much physical, mental and political chaos. If people cannot define the problem in order to mount a useful response they begin to fight each other in desperation in their extreme distress. 


It may be that until enough people understand this at least in a very simplistic way, there will be no useful solution to the problem which is not at all Republican or Democratic in nature but based upon the new world economy which is very hard even for me to even begin to understand. And as far as I can tell NO ONE fully understands because it keeps changing so fast that no one can completely comprehend all the variables let alone the solution.


It may be that allowing the world to change this fast could just be the death of us all or it could mean that we become from a world like a caterpillar to then turn into a butterfly and fly away into our next incarnation as a human race. Only time will tell which it is.

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