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! Read more of this post

Update: …More lessons from nature


COMMENTS (refer to original item for more):

After a random event like a forest fire some life remains in the scorched earth. However, apart from lost structure as an outcome [criticality] any remaining “structure” will have been starved of nourishment during the fire [ becoming fragile]. Survivors were those , often with the most robust root system, best equipped to survive, repair and stabilise. Then to renew and increase the inter-connections that are the framework and structure [complexity] that defines a complex dynamic system.

As the effectiveness of the interdependencies grows so does the complexity, diversity, robustness, chances of survival and…the ability to withstand [uncertainty] most events that beset a forest!!!

Dynamic systems are inherently complex and robust with sustainability “built in”. Exo/endo events that affect the stability, functionality, interdependencies, robustness are first reflected in the complexity of the system…..

I can’t, wouldn’t, claim credit for this extremely interesting extract from a really well informed blog by Ashwin Parameswaran – the link to the item is below and, if you like this I would recommend a visit. In view of the continuing displays of utter dis-engagement from the real world – where citizens dwell – by [the bankers’ and Corporations’ pawns] those we refer to as “Political Leaders”, I really wanted to get this out there for some thought … Read More

via A heid full of mince but at least it’s my mince!