Showing posts with label creative destruction. Show all posts
Showing posts with label creative destruction. Show all posts
Friday, November 13, 2009
Sunday, April 5, 2009
Time for the latent potential to emerge
Joseph Schumpeter was, for some reason, my favourite economist at University. Whilst it's quite harsh, what I admired about him most was his overt recognition that sometimes the demise of something is required in order to give rise to something better. Having had a brief scoot about Wikipedia today to remind myself of what he was about - I studied this nearly 20 years ago - it turns out, he 'popularised the phrase "creative destruction"'.
It's ironic to find this out retrospectively as it sits so well with my support of the philosophies which emerge from the I Ching, but I can't help but believe this man has some answers to the current economic problems we face on a local and a global level.
My thought for today is that propping up things is not the way to go. Some things do indeed need to collapse, however painful, as this will make way for the new and some "entrepreneurial innovation".
More power to the entrepreneurs I say. If we're going to spend a trillion, let's put it to some really good use!
It's ironic to find this out retrospectively as it sits so well with my support of the philosophies which emerge from the I Ching, but I can't help but believe this man has some answers to the current economic problems we face on a local and a global level.
My thought for today is that propping up things is not the way to go. Some things do indeed need to collapse, however painful, as this will make way for the new and some "entrepreneurial innovation".
More power to the entrepreneurs I say. If we're going to spend a trillion, let's put it to some really good use!
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