the most important of Schumpeter’s process of Creative Destruction...”war, revolution and so on.” Please let me demonstrate. Let us turn to pages 82-84 of Capitalism, Socialism and Democracy. There you will read such little intellectual gems as, “The essential point is that in dealing with capitalism we are dealing with an evolutionary process...” “...It may seem strange that anyone can fail to see so obvious a fact with moreover was long ago emphasized by Marx...” Well, it may seem strange...but yes...many people “fail to see so obvious a fact.” “Capitalism, then, is by nature a form or method of economic change and not only never is but can never be stationary...” “...And this evolutionary character of the capitalist process is ...important and these changes (war, revolution and so on) often condition industrial change...” The major method for change the last 200 years has been “war, revolution and so on.” “The fundamental impulse that sets and keeps the capitalist engine in motion comes from the new consumers’ goods, the methods of production or transportation, the new markets, the new forms of industrial organization that capitalist enterprise creates...” “...The history of the productive apparatus...is a history of revolutions...” Most Academics and politicians today speak of saving existing Capitalist structures, “...in other words, the problem that is usually being visualized is how capitalism administers existing structures,” The Academics and politicians have completely failed to see, “...whereas the relevant problem is how it creates and destroys them. As long as this is not recognized, the investigator does a meaningless job.” What is most important to comprehend, and accept is the unavoidable reality, “The same process of industrial mutation...incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.” Capitalism is a Permanent Revolution seeking a cure for the Flaw of Capitalism through the process of Creative Destruction aiding its evolution into some future Socialism. One can “philosophically” oppose and ignore my thesis...we still have a free country...but for how long? How long can Americans ignore (or be kept clueless) to this more than obvious reality and expect the American Republic and its Perpetual Union to continue to survive? Terry Hayfield
Posted on: Thu, 06 Mar 2014 04:07:05 +0000