Creative Destruction

December 13, 2016

Creative Destruction

The name of the blog, Creative Destruction, is correct, but only partially. The definition offered at Wikipedia, drawn from Austrian economics, is a “process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.” The term proposes an ongoing process of birth, death, and rebirth. With U.S. presidential election results a little more than a month old and the inauguration a little over a month away, we have embarked on the path of political, economic, and cultural transformation with few clear objectives other than jettisoning progressive ideology and instituting radical conservatism. It will be the reverse of the last change of administration: hope without change (Obama) vs. change without hope (Trump). Thoughtful consideration would suggest we will get only the destructive part of creative destruction and that revolution, mutation, and creative rebirth will be long delayed, if indeed they ever come at all.

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