Capitalism 4.0 : Creative Destruction

Capitalism 4.0 is founded on the bedrock of Joseph Schumpeter's idea of "creative destruction". It also sounds ominously like the mixed economy nostrums that all political persuasions have embraced with slight and minor variations in the post World War 2 era. Unfortunately, most people like the creative part of Schumpeter's formulation, rather than the second less joyful part of the aphorism. Everyone also agrees on a mixed economy, provided that in the mix they are left to make money without interference in good times and bailed out in others.

.:paul.kedrosky.com->

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Posted: August 27th, 2010
at 10:47pm by Koookiecrumbles


Categories: business,development

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