How can “entrepreneurial spirit” and "creative destruction" flourish without nourishment?

Joseph Schumpeter reinterpreted (from Marx economic theory) and popularised the expression “creative destruction” to describe the process by which established ways of doing things are destroyed from within (by new thinking, tools and processes) – at this point the scientific community may draw attention to the 2nd Law of Thermodynamics: that a system tends toward entropy (chaos or disorganisation) and consider the state of our global economy.

Hugely expensive and experimental life support for “clinically dead” institutions, markets, currencies and flawed philosophies equates to – at best – stagnation and at worst starves innovators of the means to accelerate a new evolutionary phase: instead of “creative destruction” we have “destructive creation” in the form of more regulation!

Britain at the crossroads: 50 years of Austerity or a platform for dynamic change

Let’s face it we’re broke…and I don’t just mean financially. We don’t actually make much any more and, even if we did, the smart Entrepreneurs wouldn’t still be here to fund a Public Sector paralysed by its own complexity. A “dumbed down” nation that has grown useless, fat and lazy in the image of the Welfare State that sustains it.

“Clinically obese” was how one expert described the UK Public Sector. We are told that the choices were Quantitative Easing or Austerity. We weren’t really given a choice. It was made for us by a Coalition Government whose preference is to “play Politics” because: they are just happy to have power; are intent upon denying the scale, nature and sources of the problem; lack a vision for our future…or just dosn’t have the balls to do anything except keep on making the people who are softest targets pay!

Why else would a Government choose to appease “the markets” and rating agencies whose roles in the crisis STILL are unpunished – what happened to Corporate Governance, fiduciary responsibility, compliance, etc? – whilst the opinions of ordinary citizens – VOTERS – are disregarded!? There are people of every generation whose lack of informed opinion or inertia allowed successive Governments to spin their way through years of mismanagement and excess. Watch out!  These people have found their voices and now have a common cause.